Spanish food group Natra has posted a 34% rise in profits for 2007 to EUR39.5m (US$60.5m), on sales up 31% at EUR384m.
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The cocoa and chocolate maker attributed the profit gain to organic growth and the consolidation of the acquisitions made during the last few years.
“Natra is placed in a leading position in Europe within the cocoa and chocolate market,” said chairman Manuel Moreno. “
The acquisition of All Crump in late 2007 and the coming incorporation of Nutkao to the group will result in the creation of a new business unit. It will help us face 2008 optimistically as we advance in our strategic plan with self confidence and trust.”
Natra operates throughout Europe, with its domestic market accounting for just 10% of turnover, selling both private-label and branded products. I
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By GlobalDatan 2007, the company created a new business unit specialising in chocolate and hazelnut spreads, following its acquisitions of the Belgian company, All Crump, and Italian-based Nutkao.
Natra said these acquisitions have made it the leading European producer of chocolate and hazelnut spreads for the private-label sector.
