Natra, a Spanish multinational and one of the leading European producers of chocolate confectionery and cocoa products, posted an adjusted year-to-date net income of €10.4 million at 30 September 2018, contrasting with the loss of €0.6 million recorded in the same period of last year.
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Natra, a Spanish multinational company and one of the leading European producers of chocolate confectionery and cocoa products, posted an adjusted net profit of €7 million in the first semester of this year, in stark contrast with the adjusted loss of €3.2 million recorded in the same period of last year.
Natra posted a net profit of €2 million in the first quarter of this year, compared with the loss of €2 million in the same period of last year. EBITDA for the 1Q was €8.5 million, compared to €3.9 million for the same period of 2017. Also, sales grew by 5% in volume and with a good product mix, as a result of the implementation of the customer oriented Transformation Plan. Financial debt was reduced by 10.7 million euros in 2017 and liquidity exceeded the company's operating needs by 15 million.
Natra, a Spanish multinational and one of the leading European producers of chocolate confectionery and cocoa products, posted an adjusted EBITDA of €26.2 million in 2017, up 19% year on year and fulfilling the best estimates made in November. Without the adjustments made in this period, the EBITDA would have grown 1% to €22.7 million.
Natra’s new launchings respond to the latest consumer trends, with healthier products containing less sugar and no palm oil.
The adjusted EBITDA grew 1% year on year by September to €17.8 million. The adjustments were mainly due to the company’s restructuring plan and new transformation plan, accounting for €3.1 million overall. The debt remained more or less on a par with 2016, with €8.5 million in cash.
Natra, the multinational producer of chocolate and cocoa goods has participated in the 34th edition of Anuga, the largest business platform in the food industry. During its five days, the company has presented in Cologne a new portfolio in which innovation has played a key role, highlighting the Group’s commitment towards organic, premium and convenience products.
On the 16th and 17th of May, Natra was present at the PLMA’s World of Private Label trade fair held in Amsterdam (Netherlands). This trade fair, organised by the Private Label Manufacturers Association, is the main annual meeting point for large-scale European distribution where retail sellers and manufacturers in the food sector come together.
Consolidated results for the first quarter show a significant improvement over the Company's Budget, which is aligned with the Strategic Plan approved in the Financing Agreement for 2017, thanks to the increase in activity in the Industrial Division, the improvement of Margin in the Consumption Division and control of costs in general in all Plants.
The ISM trade fair is the most significant international gathering in the confectionary industry. The Spanish multinational company is following the market's trends in its product innovations: convenience for the countlines category, sustainability for spreads, and Premium for the Belgian specialities.