Frutarom has released its Q4 and full year 2017 financial earnings.
The company sales increased 23.7% for Q4, totaling $357.5 million. Sales from core activities grew to a record $333 million (a 24.8% increase), while flavors sales increased 29.8% to $278.9 million. Natural specialty ingredients reported sales of $59.9 million, an increase of 11.2%.
For the full year, sales grew 18.8% to $1,362.4 million, a company record. Core activities grew 19.1% to $1,271.4 million. Flavors sales, at $1,025.4 million, grew to a record 21.1%, while natural specialty fine ingredients grew by 14.2% to $260.1 million.
Related: Frutarom Industries Makes 11th Acquisition of Year
"We are pleased with our significant step forward and the results achieved in 2017, in which we again set ourselves new records in sales, profits and cash flows,” said president and CEO Ori Yehudai. “In the past 4 years, we've managed to once again double Frutarom's revenues and profits, a result which reflects the successful implementation of the rapid and profitable growth strategy, combining profitable internal growth at higher growth rates than those of the markets in which we operate, together with the strategic acquisitions we have made which are contributing to the continuing and consistent improvement in our results.”
