The France-headquartered natural extracts company has highlighted the cosmetics sector as a new growth area, although it currently only makes up just over 1 per cent of the company’s annual sales.
In 2010, overall sales for the company totalled €226.3m compared to €186.1 in full year 2009 (the figures for the prior year have been adjusted for comparison to include Natraceutical’s sales) up 26 per cent.
For the cosmetics sector sales stood at €2.7m compared to €1.6m for the prior year.
“This is still a small sector but we experienced a very good trend this year and we expect to grow quicker in the future,” Naturex contact for investor relations Carole Alexandre told CosmeticsDesign-Europe.com.
Alexandre also said the company expected to make acquisitions in the domain in the future to drive some of this growth.
Swift integration of Natraceuticals division
This year is the first full year since Naturex acquired a Natraceutical’s ingredients division that brought food and beverage ingredients along with a number of new clients to the company.
According to CEO Jacques Dikansky, the acquisition and swift integration of the division helped boost this year's success.
“These excellent figures, well above the announced growth targets, confirm the success in our positioning and the pertinence of our strategy.
“The integration of the Ingredients division of Natraceutical Group was carried out rather briskly over 2010 and we are proud of this success", he said.
International development
In addition, Dikansky highlighted that the company plans to accelerate its development in particular internationally.
"Bolstered with this new dimension, Naturex intends to accelerate its development by calling upon its high-performance industrial resources, its sustained R&D and its integrated worldwide sales network, in order to boost international client diversification and loyalty with an enlarged personalised offering of specialty plant-based ingredients,” he said.
This year the company said growth in all three geographical regions continued at a sustained rate, with higher in demand in Asia and Latin America. The regional sales breakdown this year was 10.8 per cent in Asia/Pacific, 37.2 per cent in the Americas and the remaining 52 per cent in Europe/Africa.