Naturhouse increases net income by 4% to €6m and registers 2,160 stores worldwide, completing 86% of guidance
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Naturhouse increases net income by 4% to €6m and registers 2,160 stores worldwide, completing 86% of guidance
Barcelona, 22 April 2016.- Naturhouse, a company specialising in the sale of diet products and dietary re-education, has witnessed an improvement in all its main figures for 1Q16, thanks to the boost from its international business and improvements in the business in Spain in spite of the effect of Easter, which fell in April last year.
The group’s total sales have climbed to €24.8 million, which is 2.5% more than in the same period last year. This increase is down to a general improvement in the business in the company’s main countries, especially in France and Poland.
Earnings before Internet, Taxes, Depreciation and Amortisation (EBITDA) increased by 3.7% in the first quarter of the year to €8.9 million. With this figure, Naturhouse’s EBITDA margin stands at 35.7%, which is above the same figure for 1Q15 and at the top end of the group’s target range (30%/35%) for 2015 and 2016, while also being the highest in the industry.
Net income has increased by 4% to €6 million, thanks to overall improvements in the business and a greater contribution from Ichem.
In terms of geographic areas, the positive development of the international market, with sales increasing by 3.7%, stands out. Italy and Spain, which until February had grown by 0.3% and 7.7%, respectively, have both been affected by the Easter break. Nevertheless, we are optimistic about both countries with regards to 2016 as a whole.
In terms of net cash position, Naturhouse ended 1Q16 at €21.6m, which is €6.7m more than at the end of 2015, constituting an increase of close to 45%.
Meanwhile, the General Shareholders’ Meeting approved the payment of a dividend totalling €4.95m yesterday, which brings the total dividend against 2015 results to €19m with an 83.1% payout rate, above the guidance for 2015-2016. This, once again, shows the Company’s considerable cash generation capacity along with its interest in maximising shareholder remuneration. The dividend will be paid on 4 May 2016.
Félix Revuelta, Chairman of Naturhouse, said, “The figures for 1Q16 once again reinforce the sustainable nature of our business growth and, in terms of Spain and Italy, confirm our idea that a return to growth is underway in both countries.”
For the new 2016 financial year, Naturhouse plans to open at least 34 new centres in order to fulfil its guidance and continue to increase its presence outside Spain. The business is also going in the right direction in terms of meeting its EBITDA margin forecasts – which remain higher than planned once again this quarter (35.8% vs. target of 30-35%) – and fulfilling its dividend commitment, as it plans to distribute at least 80% of its profits among its shareholders.
About Naturhouse
Naturhouse is a Spanish business group listed on the Spanish stock exchange that works in the diet and nutrition sector, with a proprietary and distinctive business model based on the “Naturhouse Method”. The method combines the sale of food supplements with free, personalised advice and monitoring from a qualified specialist. Since it opened its first shop in the Spanish city of Vitoria in 1992, Naturhouse has provided advice to more than 5,500,000 people. The company, which operates in 30 countries, had 2,160 centres at 31 March 2016, both directly operated and franchises. Naturhouse is the only diet food business to be present throughout the whole value chain, from product development and manufacturing to sales and customer assessment. This, alongside the business’ low investment requirements and an attractive return for franchisees, has meant the company has received numerous awards. For seven consecutive years, it has been selected as one of the top 100 franchises worldwide by Franchise Direct.
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