A new dimension for the Group ~ Net income doubled in 2001

Strong increase in profitability in 2001:

Over 2001, Naturex realized sales of EUR 16.1 million, up by 32% on 2000 (as at 31/12/01). In line with forecasts, the Group's excellent performance was fully reflected in its results with operating income up by 20% to EUR 1.1 million and net income almost doubled at EUR 0.36 million.

Naturex – a new major player in its sector:

Naturex has begun a new phase in its development with the successful acquisition of the assets of the US nutraceutical ingredients company, Brucia Plant Extracts. This major strategic operation presents a number of advantages (complementary product ranges, a wider client base, a presence on both US coastlines) and gives the Group a new dimension. As such, at the end of 2001 and according to its pro-forma accounts, the new Group structure is able to boast sales that have doubled at EUR 24.5 million, an operating income that has tripled at EUR 3.2 million and net income that has increased over six times to EUR 1.2 million.
 With nearly 60% of sales realized in the US, Naturex will henceforth be structured according to two main poles of activity, food ingredients (flavor + food) which accounts for 44% of sales and nutraceutical ingredients which accounts for 46% of sales.

Outlook for 2002:

With its new structure, Naturex intends to pursue its rapid growth and should realize sales of approximately EUR 29 million in 2002, namely an increase of 20% in pro-forma terms (former scope: +25% and Brucia: +10%). Net income for the group should be between EUR 1.5 million and EUR 2.0 million.

Sales in Q1 2002 in line with expectations

Naturex continued to grow over the first quarter of this year (figures on March 31, 2002). The new entity realized sales of EUR 7.9 million, i.e. an increase of 21% in relation to the pro-forma figure for 2001 (former scope: +30.7% and Brucia: +5.3%).

ISIN : FR0000054694-NRX
 Reuters : NATU.LN
 Bloomberg : NTRX

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