In EUR millions | With variation in USD | At constant USD exchange rates | ||||
2005 | 2006 | Change | 2005 | 2006 | Change | |
First quarter | 8.3 | 18.3 | +119.6% | 8.3 | 16.9 | +102.2% |
First quarter (pro forma*) |
14.3 | 18.3 | +28.1% | 14.3 | 16.9 | +18.0% |
USD exchange rate | 1.330 | 1.193 | 1.330 | 1.330 | ||
* Proforma figures include Pure World as of January 1, 2005. |
The very strong increase in Naturex sales in the first quarter of 2006 (+120% or +102% at constant dollar exchange) was driven by both the Group's broadening of the consolidation scope (acquisition of Pure World) and the extremely buoyant organic growth (+28.1% or +18.0% at constant dollar exchange rate and based on proforma sales in 2005). Furthermore, this growth exceeds the yearly target organic growth rate announced by the company last March of between 10% and 15%.
Every geographical area, in which the Group is present, contributed to this impressive performance. Based on Proforma and at constant dollar exchange rate, growth is reported at 18.5% for Naturex's North American business, 15.6% for its activities in Europe and 26.4% in Asia, where the company's activities are still in their start-up phase.
With an over 6 month lead on its initial schedule for the integration of Pure World, Naturex is now ready to look into new acquisition possibilities.
Payment of a dividend of EUR 0.10 per share
Following its strong performance in 2005, Naturex will once again propose the payment of a dividend of EUR 0.10 per share at its AGM on June 14.
Naturex will publish its sales for the first half of 2006 in mid-July.
About Naturex
Naturex manufactures and markets 100% natural plant extracts for the food, flavour, nutraceuticals and cosmetics industries. Headquartered in Avignon, France, Naturex is an international company generating over 90% of its sales in 30 countries outside France, with 70% of sales on the North American market. Naturex operates manufacturing facilities in France, Morocco and the United States, and a representative office in Singapore.
If you would like to receive financial information about Naturex by e-mail, contact: www.kaparcafinance.com
Your contacts
NATUREX Jacques Dikansky ? President Tel.: + 33 (0)4 90 23 96 89 / j.d i kansky@naturex.com Thierry Lambert ? Vice President Tel.: +33 (0)4 90 23 96 89 / t.lambert@naturex.com |
ACTUS Agnès Villeret ? Press relations Tel.: +33 (0)1 53 67 36 39 / avilleret@actus.fr KAPARCA FINANCE Laurence Marquézy ? Investor relations Tel.: +33 (0)1 72 74 82 23 / lmarquezy@kaparcafinance.com |