Company consolidates company improved performance with 23%increase on EBITDA reaching €18.2 million.
News in 2015
Natra, S.A. had made public on November 10th 2015 at Valencia Commercial Register the capital reductions approved at the General Shareholder’s Meeting held on June 18th 2015.
Third quarter 2015 has confirmed sales recovery and margins improvement registered up to June, with sales 9.4% growth for the nine months up to €263.25M compared with €240.71M for the same period of 2014. Good performance on sales has driven EBITDA growth up to €14.75M.Natra holding at Reig Jofre (former Natraceutical ) contributed €1.21M to consolidated net profit, which is registered as "Results from companies valuated by the equity method". Natra third quarter €-7.47M net profit reflect an important improvement compared with €-11.80M registered on same period last year.
The Financial Restructuring Contract reported on April 30, 2015 has been already signed by the financial entities representing 100% of the amount withdrawn and outstanding of the Financial Agreement 2013, and by 100% of the lenders of the working capital lines signed in 2014.
First half results confirms cocoa and chocolate ac3vity recovery, with 14.66% sales growth compared to first half 2014, and margin improvement, with EBITDA reaching €8.49 M vs. €0. 96 M for the same period of last year.
Sales growth together with production cost control fuels cocoa and chocolate EBITDA, increasing 66% compared to first quarter 2014.