Excellent full-year performance


2012 annual sales (1 January to 31 December) 


Annual sales growth of 18.2% at current exchange rates

Very good contributions from all market segments and geographical regions 

Strong gains in emerging countries


Avignon, 11 February 2013 - Naturex, the global leader in speciality plant-based natural ingredients, announces its annual consolidated revenue for fiscal 2012:


 Unaudited data

FY 2012  FY 2011  Change (%)  Change (%)
 at constant exchange rates  
1st quarter 73,473 64,021 +14.8% +12.6%
2nd quarter 73,684 63,904 +15.3% +9.6%
3rd quarter 75,973 63,226 +20.2% +13.4%
4th quarter 76,693 62,417 +22.9% +20.0%
Annual revenue  299,823  253,568  +18.2%  +13.9% 

Consolidated revenue in fiscal 2012 reached €299.8 million, up 18.2% on the prior period, including a 4.3% currency effect mainly from the rise of the US dollar. Growth at constant exchange rates was 13.9%.

This performance included contributions from four companies acquired by Naturex between the 2011 4th quarter and the end of the 2012 3rd quarter (Burgundy in France and Spain, Pektowin in Poland, Valentine in India and DBS in the United States) that accounted for about 7% of Group revenue in the period.

The Group's positive momentum over the full year reflected not only Naturex's balanced positioning in both very buoyant mature markets and emerging markets with high growth potential, but also a well targeted offering based on innovation and quality.

In the 2012 4th quarter, sales grew 22.9% from the same period in 2011, confirming the accelerating trend in the previous quarter.


Group growth driven by a customer-centric offering 


 Unaudited data

FY 2012  FY 2011* 

Revenue mix 






constant exchange rates 

Food & Beverage 188,828 168,336 63.0% +12.2% +7.7%
Nutrition & Health 92,295 71,144 30.8% +29.7% +22.7%
Personal Care 4,797 3,240 1.6% +48.1% +42.5%
Toll Manufacturing 13,903 10,848 4.6% +28.2% +42.1%

* Integration of the NAThealthy range within the Food & Beverage division 


All three markets continued to register gains driven by a more segmented offering and a marketing approach fine-tuned to customer needs.

This activity is expected to develop further in the coming years following the creation of a joint venture for krill extraction with Aker BioMarine, the Norwegian-based world leader in krill harvesting and specialised in the development, production and commercialisation of Omega-3 rich krill oil-based products.

This joint venture, whose production plant will be based in the US, will combine Aker BioMarine's know-how with Naturex's expertise in extraction, and will guarantee increased volumes for sourcing krill oil, supplementing the current production of Naturex Spain (Valencia).


Reaping benefits from an expanding worldwide coverage 


 Unaudited data

FY 2012  FY 2011 

Revenue mix 






constant exchange rates  

Europe / Africa* 142,291 128,022 47.5% +11.1% +6.4%
Americas 120,892 92,708 40.3% +30.4% +22.4%
Asia  / Pacific* 36,640 32,837 12.2% +11.6% +20.6%

* To take into account the breakdown of the geographical of our Sales Divisions, countries of the Middle East region until now included in Europe/Africa have been included under Asia/Pacific 


The development in Naturex's worldwide geographical coverage accelerated over the last three years, with a twofold increase in the number of sales offices, has started to show results. This positioning makes it possible to both support a multinational customer base in pursuing expansion into new regions and address the needs of local customers to capitalise on the growth potential of emerging countries.


Emerging markets in Eastern Europe, Asia, Latin America, Africa and the Middle East account for a 17.7% share of total Group revenue, up from 14.0% one year earlier, with 51.5% year-on-year growth at current exchange rates.


"Naturex once again performed remarkably well in 2012 despite the particularly adverse effects of an economic slowdown in Europe. The considerable efforts of our commercial teams throughout the world led to noteworthy advances in both our historic markets but also in new markets with very promising potential for development through a diversified and an innovative offering”, commented Naturex's Chairman-CEO, Thierry Lambert. "On the basis of macroeconomic trends in 2013 comparable to those of 2012, we expect more even growth momentum across the different regions, notably in response to growing contributions from acquisitions and a more targeted commercial and marketing approach to our customers".


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Financial schedule 

 Results – FY 2012 27 March 2013

Upcoming events 

 Analysts meeting (SFAF - French Society of  Financial Analysts), Paris 28 March 2013



Naturex has been listed since October 1996 on NYSE Euronext in Paris, Segment B


Total number of shares comprising the share capital: 7,728,769

ISIN FR0000054694


Naturex is a component of the CAC Small and Gaïa indexes.

Naturex is eligible for the "long only" Deferred Settlement Service (SRD).

Naturex established a Sponsored Level 1 American Depositary Receipt (ADR) program in the United States. Under this facility, Naturex’s ADRs are traded over-the-counter in the United States under the symbol NTUXY.

SYMBOL: NRX - Reuters: NATU.PA - Bloomberg: NRX: FP - DR Symbol: NTUXY



About Naturex  

Naturex is the global leader in speciality plant-based natural ingredients.

The Group is organised around three strategic markets (food & beverage, nutrition & health and personal care) and produces and markets speciality plant-based ingredients for the food, nutraceutical, pharmaceutical and cosmetic industries.

Naturex’s head office is based in Avignon. The company employs more than 1,300 people with high-performance manufacturing operations across 15 sites in Europe (France, Italy, Spain, the United Kingdom, Switzerland, Poland) as well as in Morocco, the United States, Brazil, Australia and India. It also has a global presence through a dedicated network of sales offices in 20 countries (France, Italy, Spain, Morocco, the United Kingdom, Belgium, Germany, Poland, Russia, U.A.E., Thailand, Japan, China, Korea, Australia, the United States, Canada, Brazil, Mexico and India).

Naturex's development is supported by positive underlying trends linked to the fast-growing demand for natural products and its capacity to provide manufacturers customised solutions to meet the requirements of their end consumers. The Group's strength lies in its positioning with specific products which constitute niche markets, supported by strong sourcing capacity and sustained research & development.





Thierry Lambert  

Chairman and Chief Executive Officer

Tel.: +33 (0)4 90 23 96 89






Thierry Bertrand Lambert

Chief Financial Officer

Tel.: +33 (0)4 90 23 96 89



Carole Alexandre

Investor Relations

Tel.: +33 (0)4 90 23 78 28


Anne Catherine Bonjour

Actus Finance Press Relations

Tel.: +33 (0)1 53 67 36 93



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