H1 2013 revenue (1 January to 30 June 2013)
The Group maintains positive momentum
Press release
Avignon, 25 July 2013 - Naturex, the global leader in specialty plant-based natural ingredients, announces its 2013 first-half consolidated revenue:
€000s
IFRS |
FY 2013 | FY 2012 | Change (%) |
Change (%) at constant exchange rates |
1st quarter | 83,196 | 73,473 | +13.2% | +14.4% |
2nd quarter | 82,558 | 73,684 | +12.0% | +12.5% |
H1 revenue | 165,754 | 147,157 | +12.6% | +13.4% |
Consolidated revenue for the 2013 first half amounted to €165.8 million, up 12.6% from last year's same period.
At constant exchange rates, first-half sales rose 13.4% with 11% from organic growth and 2.4% from changes in Group structure (mainly Decas Botanical Synergies). The net currency effect for the period was -0.8%.
This good performance, with steady growth momentum the last two quarters, reflects both Naturex's strategy to build an increasingly differentiated product offering and extended geographical coverage.
Positive sales trends by business
€000s
IFRS |
H1 FY 2013 | H1 FY 2012 | Change (%) |
Revenue mix (%) |
Change (%) at constant exchange rates |
Food & Beverage | 94,149 | 94,309 | -0.2% | 56.8% | +0.9% |
Nutrition & Health | 59,064 | 44,322 | +33.3% | 35.6% | +33.6% |
Personal Care | 3,025 | 2,587 | +16.9% | 1.8% | +17.2% |
Toll-Manufacturing and misc. | 9,516 | 5,939 | +60.2% | 5.7% | +60.2% |
Solid geographic positions
€000s
IFRS |
H1 FY 2013 | H1* FY 2012 | Change (%) |
Revenue mix (%) |
Change (%) at constant exchange rates |
||
Europe/Africa | 78,348 | 71,370 | +9.8% | 47.3% | +10.1% | ||
Americas | 68,504 | 57,896 | +18.3% | 41.3% | +19.6% | ||
Asia/Pacific | 18,902 | 17,891 | +5.6% | 11.4% | +6.6% | ||
* To take into account the geographic breakdown of our Sales Divisions, countries of the Middle East region previously included in Europe/Africa are henceforth presented within the Asia/Pacific region. The revenue breakdown by region for the 2012 first half in consequence takes into account this new presentation.
All regions registered good gains, reflecting proactive performances by the sales network both in developed and emerging countries accounting for 16.4% of Group sales:
"We are very satisfied with the level of organic growth in the 2013 first half in an economic environment that remains difficult. This positive trend should continue in the second half though with a marginal slowdown expected from the less favourable comparison base with the same period in 2012", commented Naturex's Chairman-CEO, Thierry Lambert. "Our teams throughout the world will pursue their efforts to multiply initiatives to increase the differentiation of our offering, strengthen our positioning and accelerate our development in regions and markets with strong growth potential."
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Financial schedule
- 2013 first-half results | 30 August 2013 |
Upcoming events
- Analysts meeting (SFAF - French Society of Financial Analysts), Paris | 4 September 2013 |
Naturex has been listed since October 1996 on NYSE Euronext in Paris, Segment B
Total number of shares comprising the share capital: 7,826,565
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 a 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, UAE, 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.
Contacts | |
Thierry Lambert Chairman and Chief Executive Officer Tel.: +33 (0)4 90 23 96 89
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Thierry Bertrand Lambert Chief Financial Officer Tel.: +33 (0)4 90 23 96 89
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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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