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Naturex H1 revenues up 15% to €147.2m

31-Aug-2012

First half revenues grew 15% compared to H1 2011 at global botanical extracts leader Naturex to reach €147.2m as currency shifts favoured the French firm along with the benefits of three acquisitions that allowed it to weather difficult economic times especially in Europe.

Operating income rose 11.9% to €17.9m compared to €16m in H1 2011 with acquisitions Burgundy (France), Pektowin (Poland) and Valentine (Indonesia), making a “good contribution”.

"It illustrates the evolution of the product mix towards more solutions with high added value technical and confirms the slowdown in economic growth in the historic area, particularly in Europe, focused on lower margin products," the company said.

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