The operational efficiency in both the chocolate and Natraceutical’s businesses allowed Natra to maintain operating income despite the worsening of the gross margin following cocoa’s sharp prise rise.
News in 2013
Following the Relevant Fact from August 27th regarding the agreement reached with the bank syndicate for the flexibility of debt repayments, the novation agreement has been formalized today.
Operating profit grew by 33% with an ongoing improvement of the businesses and a strong focus on financial deleveraging.
Natra reaches unanimous agreement with its bank pool for the flexibility of its debt repayments in order to adapt them to the business and new projects in progress.
As a result of the vacancy on the board of directors of Natra, SA as of May 31, 2013, following the resignation of CK Corporacion Kutxa - Kutxa Corporazioia S.L, the general and extraordinary shareholders’ meeting of Natra of June 13, 2013 appointed Kutxabank, SA as new member of the board of directors of Natra.
The Ordinary and Extraordinary General Shareholders Meeting of NATRA, SA, was held on first call today, 13 June 2013. The Meeting followed the established Agenda and was attended by shareholders, present and represented, holding 60.66% of the share capital.
Listed Spanish multinational Natra, a reference in the manufacture of chocolate products and cocoa derivatives, with a specialised focus on the retail industry and other food companies, will set up production in the coming months in Ontario (Canada), to directly address its customers demand in North America.
Spanish listed multinational Natra, a reference in the manufacture of chocolate products and cocoa derivates, with a specialized approach to retailers and other food companies, published today on its website its commitment for 2020 on corporate social responsibility (CSR).
The Board of Directors of NATRA, S.A, in accordance with the legal and statutory regulations in force, has agreed to call the General and Extraordinary Shareholders’ Meeting, to be held in Plaza Pais Valenciano number 7, Quart de Poblet (Valencia), "Centro Cultural El Casino", on June 13th 2013 at 12:30 am, for the first call, and June 14th 2013, at the same place and time, for the second call, under the following:
New operating improvements led Natra to increase its profit from operations by 53%, up to 5.04 M€