Sustained growth in the first half: up +10.1% at constant USD exchange rates A new dimension following the acquisition of Pure World
| In EUR millions
|| With variation in USD
|| At constant USD exchange rates
| First quarter
|| + 8.2%
|| + 12.5%
| Second quarter
|| + 5.7%
|| + 8.3%
| Total 1st half
|| + 6.8%
|| + 10.1%
| USD exchange rate
Sales: ongoing double-digit growth
Sales for the first half of 2005 were by 10.1% at constant USD exchange rates to EUR 18.7 million, in line with the targets set by the company in April.
Growth was mainly driven by business in North America (up 13.3% at constant USD exchange rates), drawing on the success of previous acquisitions, and in Europe (up 19% at constant USD exchange rates, excluding extraction activities).
This includes both sales of ingredients for the food industry (up 12.2% at constant USD exchange rates) and extracts for the nutraceutical industry (up 18.5% at constant USD exchange rates).
Pure World: bringing a new dimension to the Group's activity
The acquisition of Pure World on July 18 will bring a new dimension to the activity of Naturex. Pure World will be consolidated as of July 1, 2005. In the first half of 2005, proforma sales of the new Group stood at EUR 31.4 million, representing growth of nearly 70% compared with the former Group structure. It now generates 70% of its total sales in North America. Naturex is now one of the leading players worldwide on the market for plant extracts and natural ingredients.
Naturex is to publish its half-yearly results for 2005 on October 18.
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 70% 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 C FR0000054694 ? Reuters NATU.LN ? Bloomberg NTRX
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