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NATUREX : H1 2009 revenue: +13% / Yearly targets confirmed
H1 2009 revenue: +13%
Yearly targets confirmed
|In € million||2008||2009||Change in current dollars||Change in constant dollars|
|Q1||24.0||27.5||+ 14.8 %||+ 5.2 %|
|Q2||24.1||26.9||+ 11.3 %||+ 2.2 %|
|H1||48.1||54.4||+ 13.0 %||+ 3.7 %|
|Average US dollar exchange rate||1.4932||1.3328|
Naturex posted revenues of € 54.4 million for the first half of 2009, up 13.0% on the first six months of 2008 (+3.7% in constant dollars), thereby confirming the Group's ability to continue to turn out quarter-on-quarter growth despite a difficult economic climate and a high basis for comparison (+ 11,7 % for the first half of 2008 like for like).
Broken down by geographical region, North America led the way, generating 60.2% of Group sales over the period. The European Union accounted for 31.1% of total Group sales, with activity in Asia, where the Group continues to reinforce its sales network, notching up 2.7%.
Broken down by market, Nutrition & Health represented 65.0% of Naturex's half-yearly revenues, compared to 29.1% for Food & Beverage and 1.2% for the Group's Personal Care business.
In a recent statement, Jacques Dikansky, Chairman and Chief Executive Officer, said that "above and beyond the quarterly changes in activity, our Group is able to draw upon what remains a highly favorable underlying trend linked to the growing demand for natural products. Moreover, we also have a number of sources for further growth in various geographical regions and market segments. Mid-year, we are confident that we will achieve the targets set for 2009. The new expected increase in our operating margin should be clearly reflected in our half-yearly results".
Naturex will publish its half-yearly results for 2009 on September 25.
NATUREX has been listed since October 1996
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