Frutarom (Herzliya, Israel) has reported a 19.6 year over year (YOY) growth in sales, to $358.8 million, in the third quarter of 2017. Net income grew 26.7 YOY, to $40.8 million, on a net margin of 11.4. EBITDA was $71.1 million, up 27.2 YOY. The EBITDA margin was 19.8. Adjusting for non-recurring efects in the third quarter, net income was $43.0 million, up by 22.3 YOY, with a 12 net margin. Frutarom's core businesses—which comprise the favors business and the specialty fne ingredients business—saw a 22.7 YOY increase in operating proft to $60.0 million, with an operat- ing margin of 17.8, adjusted for non-recurring expenses. Pro forma growth on a constant currency basis in the core businesses was 7.4 YOY. Exchange rate efects boosted sales by 2.8 YOY, the company says. “The results refect the successful implementation of the rapid and proftable growth strategy in our core businesses, favors and natural specialty fne ingredients,” says Ori Yehudai, president and CEO, Frutarom. The company’s favors business achieved sales of $272.9 million in the third quarter, an increase of 21.3 YOY.
展开▼
