Continued strong revenue growth in the first half of the year: up 27.3% at constant USD rates

07/17/2007
In EUR millions   At current USD rates At constant USD rates
  2006 2007 Change 2007 Change
First quarter 18.3 21.2 +15.6% 22.5 +22.9%
Second quarter 16.4 20.6 +26.1% 21.6 +32.3%
First half 34.7 41.8 +20.5% 44.1 +27.3%
Average USD exchange rate 1.2198 1.3312   1.2198  

Naturex had an excellent second quarter with revenues up 32.3% at constant USD rates (up 26.1% at current USD rates) which confirms the solid performance posted in the first quarter.
 Revenues for the first half of the year totaled EUR 41.8 million, up 27.3% at constant USD rates (up 20.5% at current USD rates).
 This rapid development is due to both the broadening of Naturex’s scope, with the acquisitions of Hammer Pharma in January and HP Botanicals in April, and sustained organic growth (+13.2% at constant USD rates for the Group’s former scope).

Acquisitions

In line with its strategy, Naturex is continuing its policies of sustained organic growth and acquisitions alongside each other and has set a revenue target of EUR 100 million in 2008.
 Due diligence is currently underway for the planned acquisition of a US business generating approximately USD 10 million in revenues.
 Moreover, new projects are being studied both in Europe and North America.

If you would like to receive free financial information about Naturex by e-mail, contact: www.kaparcafinance.com

About Naturex

Naturexmanufactures and sells 100% natural ingredients for the food, flavor and nutraceutical and cosmetic industries. Based in Avignon, France, the Group has an international reach, with over 90% of its sales realized in 30 different countries outside France, 70% of which are generated on the US market. Naturex has facilities in France, Morocco, in the United States and Italy, a subsidiary in the United Kingdom and a representative office in Singapore.

NATUREX has been listed since October 1996 - Eurolist by Euronext Paris - Segment B
 ISIN Code: FR0000054694 - Reuters: NATU.LN Bloomberg: NTRX

Your contacts

NATUREX
 Jacques Dikansky – Chairman and CEO
 Tel : +33 (0)4 90 23 96 89
 j.dikansky@naturex.com
 
 Thierry Lambert – Vice President and CFO
 Tel : +33 (0)4 90 23 96 89
 t.lambert@naturex.com
ACTUS
 Agnès Gilbert – Press Relation
 Tel : +33 (0)1 53 67 36 33
 agilbert@actus.fr
 
 KAPARCA FINANCE
 Laurence Marquézy – Investor Relation
 Tel : +33 (0)1 72 74 82 23
 lmarquezy@kaparcafinance.com
 
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