News

Naturex reports "solid" growth

4 Aug 2016

Naturex has announced its 2016 second quarter and first half revenue. Revenue for the 2016 first half amounted to €208.0 million, or organic growth of 5.3%, like-for-like and at constant exchange rates.

Naturex has announced its 2016 second quarter and first half revenue.

Revenue for the 2016 first half amounted to €208.0 million, or organic growth of 5.3%, like-for-like and at constant exchange rates. At current exchange rates, revenue was up 2.7% from the 2015 first half.

The 2016 second quarter had revenue of €103.6 million, including an unfavourable currency effect, versus a high comparison base of €104.0 million from the 2015 second quarter. Like-for-like and at constant exchange rates, organic growth in the 2016 second quarter was 4.4%.

"The solid organic growth of the 2016 first half confirms the positive momentum generated by the action plans adopted in this first year of the Bright2020 strategic plan's implementation,” said Olivier Rigaud, Chief Executive Officer and Director of Naturex. “This performance demonstrates our commitment to pursuing the rationalization of our product portfolio and to consolidate our activity around our strategic lines of action. With all our teams throughout the world, we are focusing on continuing to build a solid, sustainable and profitable model for growth, in line with the objectives of Bright2020" "These efforts, combined with our rigorous and disciplined approach in streamlining and energizing our operating model, will have a significant positive effect at the level of the 2016 first half's current operating EBITDA margin, in line with analyst consensus."