Naturex sees ”sharp improvement”4 Dec 2015
Naturex has announced what it describes as a sharp improvement in its operating profitability for 3Q15. Net operating income for the quarter was up 96.8% to €6.9m, and ahead 6.4% to €17.8 million for the three quarter period.
Naturex has announced what it describes as a sharp improvement in its operating profitability for 3Q15. The company notes good performance for sales with sustained organic growth; another step forward in creating value through an optimised product mix; and first leverage effects on operating profitability by actively managing costs.Revenue was up 17.9% in the third quarter to €94.3m, and 24.6% up for the nine month period to €238.4m. Net operating income for the quarter was up 96.8% to €6.9m, and ahead 6.4% to €17.8 million for the three quarter period.“The good results of the 2015 third quarter highlight the strong commitment by all Naturex teams to the priorities set by the "Conquest, Cash & People" plan for achieving a better operating and financial discipline,” said Olivier Rigaud, Chief Executive Officer and Director of Naturex. “This new commercial momentum for quality growth and our continuing efforts to actively manage costs have strengthened our confidence in our ability to successfully complete this first step at the end of 2015 towards solid and lasting growth to gradually improve our operating profitability. Efforts in 2016 will also be devoted to implementing our Bright2020 plan with particular focus on the "Execution & Simplification" pillar, a critical prerequisite for activating the key levers necessary to achieve our five-year objectives."
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