Published On: Thu, Mar 17th, 2016

Frutarom Reported Record Results; 2016 Revenue Reaches $1 Billion

The Israeli flavors and ingredients company set sales target of $2 billion by 2020 with Ebita margin from core activity or over 22 percent

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Attached is a photo of Ori Yehudai,   President and CEO of Frutarom Group (Photo by Adi Lam)

Boosted by a string of worldwide acquisitions, Israeli flavors and fine ingredients company Frutarom Industries Ltd.  sees 2016 revenue reaching $1 billion for the first time.The company reported its fourth quarter and full 2015 financial statement today. Fourth quarter revenue rose 11.6% to $225.6 million and net profit rose 36.5% to $30.8 million. Full 2015 revenue was up 6.5% from 2014 to $873 million, while net profit in 2015 was 33.5% to $110.8 million. The company’s guidance sees more records being broken in 2016 with predicted sales of $1.1 billion, and Frutarom has set a target of $2 billion annual sales by 2020.

Frutarom president and CEO Ori Yehudai said, “2015 was another milestone year for us in our journey of rapid and profitable growth. The successful implementation of the growth strategy combining profitable internal growth at a higher rate than the growth rates of the markets in which we operate, and strategic acquisitions that contribute to the continuing improvement in our results, brings us to another record year in sales, profits and margins, cash flow and earnings per share.”

 

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