Continued sustained growth: revenue for 2006 up 31.9% to EUR 66.2 million

01/31/2007

Creation of a subsidiary in the United Kingdom
 2006 proforma basis up to EUR 74 million following the acquisition of Hammer Pharma
 

In EUR millions 2005* 2006 Change at
 current USD
 rates (%)
Change at
 constant USD
 rates
Q1 8.3 18.3 +119.6% +102.2%
Q2 10.4 16.4 +57.8% +56.1%
Q3 15.7 15.0 -4.4% -1.2%
Q4 15.8 16.5 +4.7% +10.7%
Total 12 months 50.2 66.2 +31.9% +31.6%
USD rate 1,250 1,249    

*Pure World consolidated as of July 1, 2005

Naturex generated full-year 2006 revenue of EUR 66.2 million, up 31.9% on 2005, continuing its strong growth despite an unfavorable trend in the dollar exchange rate over the second half of the year.

Neutraceuticals represent 61.3% of revenue, flavoring and food processing 31.6% and cosmetics 3.9%. The United States and Canada accounted for 68.6% of the Group’s revenue, while Europe generated 27.4% and Asia/Pacific 3.1%.

Continued strong organic growth

 In EUR millions  31/12/2005*  31/12/2006   Change
Total revenue 63.4 66.2 +4.4%
Pure World business line closure underway 6.0 1.9 -68.3%
Toll extraction (Europe) 0.9 0.3 -66.7%
Proprietary activity 56.5 64.0 +13.3%

*Pure World integrated over 12 months in 2005

Excluding the impact from the planned gradual closure of non-strategic business lines (Pure World business line closure underway and toll extraction in Europe), pro forma growth stood at 13.3% (up 13.0% at constant USD).

 Creation of a subsidiary in the United Kingdom

Furthermore, as planned, Naturex has just created a subsidiary in Oxford in the United Kingdom which will enable the Group to reinforce its proximity and links with UK clients, while also leading to an accelaration in organic growth on this major market which is one of the most buoyant in Europe.

Recent broadening of scope

Lastly, following the acquisition announced on January 23 of Italian company, Hammer Pharma, specialized in pharmaceuticals and neutraceuticals, Naturex has broadened its proforma scope to EUR 74 million and intends to maintain a sustained rate of growth in 2007.

 

Naturex will publish its annuals results on April, 2007.

About our company
 Naturex manufactures and sells 100% natural ingredients for the food, flavor, nutraceutical and cosmetics industries. The Group is based in Avignon, France, and is an international company with over 90% of its sales coming from 30 countries outside France, of which 68% generated on the US market. It has facilities in France, Morocco and the United States and a representative office in Singapore.

 

NATUREX has been listed in Paris since October 1996 - Eurolist B
 FR0000054694  - Reuters NATU.PA – Bloomberg NTRX
 
 Find all NATUREX press releases in real time on naturexs.com
 
  Your contacts

NATUREX
 Jacques Dikansky – President and CEO
 Tel : +33 (0)4 90 23 96 89
 j.dikansky@naturex.com
 
 µ Thierry Lambert – Vice President and CFO
 Tel : +33 (0)4 90 23 96 89
 t.lambert@naturex.com
ACTUS
 Agnès Villeret – Press Relation
 Tel : +33 (0)1 53 67 36 39
 avilleret@actus.fr
 
 KAPARCA FINANCE
 Laurence Marquézy – Investor Relation
 Tel : +33 (0)1 72 74 82 23
 lmarquezy@kaparcafinance.com
 
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