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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

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.”

 

READ MORE: frutarom

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

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Frutarom Industries Ltd. has bought 100 percent of the shares of US-based Grow Company Inc. for $20 million. The purchase agreement includes a mechanism for future consideration conditional on the company’s More…

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

Frutarom Industries Ltd., one of the world’s 10 largest companies in the field of flavors and specialty fine ingredients, has acquired Austrian flavors maker Wiberg for €119 million ($130.4 million). More…

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

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Israeli flavors and specialty fine ingredients company Frutarom Industries Ltd. has acquired 75 percent of Polish savory flavor solutions company AMCO Sp for $20.7 million. This is Frutarom’s eleventh acquisition More…

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Frutarom Industries Ltd., continues its momentum of acquisitions and the implementation of its rapid and profitable growth strategy: the Company announced today the purchase of 79 percent of the shares of More…

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Frutarom acquires US flavors Company Foote & Jenks. Major part of F&J sales is to customers in the pharma industry who demand advanced solutions for masking the aftertaste of active ingredients contained More…

 

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