2011 1Q: Results note
10 May 2011
Natraceutical net profit increased by 27.3% up to € 2.24 million In the first quarter of 2011.
- Natraceutical closed 2011 first quarter with a net profit of €2.24 million compared to €1.76 million for the same period last year (+27.3%).
- The company sales, provided entirely by the Food Supplements Division, stood at €11.76 million compared to €14.43 million in the first quarter of 2010 and EBITDA of € 1.1 million compared to € 1.83 million last year.
- As for the Ingredients activity, integrated in the investee company Naturex, which is going to disclose their first quarter results on May 30, Natraceutical incorporated in its accounts a closing estimate of € 3.7 million, of which the Spanish company incorporates in their accounts the proportion to its stake (€1.23 million). At the time of this results note, the value of Natraceutical’s stake in Naturex stands at €108.8 million (€ 90,20 million on March 31, 2011).
- At the end of the first quarter, Natraceutical net debt amounted to €80.08 million, with a single maturity in April 2013 for an amount of € 78.08 million, the rest being working capital financing.