Avignon, 25 January 2011 - Naturex, the global leader in specialty plant-based natural ingredients announces its annual consolidated revenue for 2010:
|In ¤ million
|Change % in
|Food & Beverage||137.1||111.7||+22.7%||+16.5%|
|Nutrition & Health||75.5||66.4||+13.7%||+9.9%|
|Miscellaneous and toll extraction||11.0||6.4||+71.9%||+64.1%|
|Average US dollar exchange rate||1.3220||1.3876|
* 2009 Proforma: Includes the revenues generated by the Ingredients Division of Natraceutical Group which was consolidated as of 1 January 2010
Annual consolidated revenue for 2010 amounted to ¤226.3 million, which is very high organic growth (+21.6%), as such representing ¤40.2 million of additional turnover over one year.
In constant currencies, the increase in yearly sales for 2010 is 16.2%, above the growth target announced in September 2010 (10-15%).
Revenue in the fourth quarter is in line with the performance recorded in the preceding quarters and reached ¤55.7 million, up +23.0% (+14.8% in constant currencies) compared to the same period in the previous financial year.
Remarkable growth across all of the markets
The three markets, Food & Beverage, Nutrition & Health and Personal Care, contributed to this growth, benefitting from the still very marked orientation in world demand for natural products and health, as well as from reinforced regulations, particularly within the framework of the use of artificial colouring agents in food products.
The successful integration of the Ingredients division of Natraceutical has resulted in enriching the range of products and solutions that are designed and marketed by Naturex, and to cover the needs of the clients more widely. The Group's visibility was as such greatly increased.
Reinforced positions in all the regions
The impetus for growth in the three geographical regions continued at a highly sustained rate with an acceleration in demand in the emerging countries, especially in Asia and in Latin America.
The complementarity of the production sites, combined with the performance of the integrated sales network, made a substantial contribution in extending Naturex's international positions over the period.
"These excellent figures, well above the announced growth targets, confirm the success in our positioning and the pertinence of our strategy." The integration of the Ingredients division of Natraceutical Group was carried out rather briskly over 2010 and we are proud of this success", says Jacques Dikansky, Chairman and CEO and founder of Naturex.
"Bolstered with this new dimension, Naturex intends to accelerate its development by calling upon its high-performance industrial resources, its sustained R&D and its integrated worldwide sales network, in order to boost international client diversification and loyalty with an enlarged personalised offering of specialty plant-based ingredients."
The press release and detailed presentation on annual consolidated revenue are available at: www.naturex.com
Upcoming publications and eventsConsolidated yearly results : 31 March 2011 Midcap Event Frankfurt : 7 - 8 March 2011 Midcap Event Brussels : 31 March - 1 April 2011 Paris SFAF Meeting : 4 April 2011
If you would like to receive financial information about Naturex by e-mail, go to: www.naturex.com
NATUREX has been listed on segment B of NYSE Euronext Paris since October 1996
|Number of shares in the capital: 6,410,931
4,959,935 ordinary shares (ISIN FR0000054694)
1,450,996 preferred shares (ISIN FR0000010833251)
Naturex is part of the following indexes: SBF250, CAC All Shares, CAC Mid&Small 190, CAC Small 90, Gaïa Index
MNEMO: NRX - Reuters: NATU.PA - Bloomberg: NRX:FP
Naturex is the global leader in speciality plant-based natural ingredients.
The Group, organised around three strategic markets - Food & Beverage, Nutrition & Health and Personal Care - produces and markets specialty plant-based natural ingredients for the food, nutraceutical, pharmaceutical and cosmetic industries.
Naturex's head office is based in Avignon. The company employs more than 950 people and has high-performance industrial resources through its 11 industrial sites in Europe (France, Italy, Spain, the United Kingdom and Switzerland), as well as in Morocco, the United States, Brazil and Australia. It also benefits from sales presence around the world through a dedicated network in 16 countries (France, Italy, Spain, the United Kingdom, Belgium, Germany, Switzerland, Russia, U.A.E., Thailand, Singapore, Japan, China, Australia, the United States and Brazil).
Naturex's sound performance is linked to the fast-growing demand for natural products and its capacity to provide manufacturers with the personalised means to meet the requirements of their end consumers. The Group's strength lies in its ability to position itself on specific products which constitute niche markets, thanks to sustained Research & Development.
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