Another Record Quarter For Frutarom - Successfully Continuing To Implement Its Rapid & Profitable Growth Strategy

HERZLIYA, Israel, Nov. 22, 2016 (GLOBE NEWSWIRE) --

In Q3 2016 :

  • Sales grew by 28% to a record US$ 300.1 million; constant currency growth in pro-forma terms of 4.3%
  • Sales from core activities grew by 31.7% to a record US$ 280 million; constant currency growth in pro-forma terms of 5.1%
  • Sales from Flavor activity grew 36% to a record US$ 225 million; constant currency growth in pro-forma terms of 6.2%
  • Sales from Specialty Fine Ingredients activity grew 16.2% to US$  56.1 million; constant currency growth in pro-forma terms of 1%
  • Records in quarterly profits (adjusted for nonrecurring expenses 1):
    • Gross profit grew by 27.2% to US$ 117.1 million;
    • EBITDA grew by 25.2% to a record US$ 59.6 million;
    • Net income grew by 13.8% to US$ 35.1 million;
  • Record cash flow from operating activity that grew 41.3% to US$ 41.6 million.

In the First Three Quarters of 2016:

  • Sales grew by 32.6% to a record US$ 858 million; constant currency growth in pro-forma terms of 5.8%
  • Sales from core activities grew by 37.2% to a record US$ 800.6 million; constant currency growth in pro-forma terms of 6.4%
  • Sales from Flavor activity grew 40.2% to a record US$ 631.7 million; constant currency growth in pro-forma terms of 6.5%
  • Sales from Specialty Fine Ingredients activity grew 27.3% to a record US$  174 million; constant currency growth in pro-forma terms of 7.2%
  • Record-level Year-to-Date profits (adjusted for nonrecurring expenses 1):
    • Gross profit grew by 32.5% to US$ 334.6 million;
    • EBITDA grew by 28.6% to US$ 163.8 million;
    • Net income grew by 19.1% to US$ 95.3 million;
  • Record cash flow from operating activity that grew 44.4% to US$ 96.4 million.