Naturhouse increases its net income by 2.4% to €13.3m in the first half of the year and announces the payment of an interim dividend of €3m (0,05 € per share), ahead of its initial forecast of doing so in 2016
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Naturhouse increases its net income by 2.4% to €13.3m in the first half of the year and announces the payment of an interim dividend of €3m (0,05 € per share), ahead of its initial forecast of doing so in 2016
Madrid, 27 July 2015.- Naturhouse, a company specialising in the sale of diet products and dietary re-education, has improved all its main financial figures in the first half of 2015, thanks to the progress of its international business, the improved situation of the market in Spain and the significant increase in net openings of Naturhouse centres.
At the end of the first half of 2015, Naturhouse had registered 2,046 centres, with 92 net openings in the first 6 months of the year – 43% more than those registered in the whole of 2014 and 38% of the guidance for 2015-2016. Naturhouse has also grown its business, with operations in 29 countries, up from the 26 with which it closed 2014, after entering Switzerland, Lithuania and the USA during the first half of the year.
The group’s total sales have increased to €52.6 million in the first half of the year, while earnings before interest, taxes, depreciation and amortisation (EBITDA) stand at €19.4 million, 1.3% above the figure registered for the same period last year. With this figure, Naturhouse has registered an EBITDA margin of 36.8%, higher than the amount registered in the first half of 2014 and above the upper threshold of the group’s target (30%/35%) for 2015 and 2016, while also being the highest in the sector. Net income has improved by 2.4% to €13.3 million from the €12.9 million registered for the same period in the last financial year.
The international area’s positive performance stands out, with revenue and EBITDA increasing by 3.5% and 12.6%, thanks to the positive performance of France and Poland. With regards to the domestic market, a 4-percentage-point increase in income must be highlighted, suggesting the beginning of an upward trend in the Spanish market, which we hope will consolidate in the second half of 2015.
Naturhouse closed the first half of 2015 with a net cash position of €11.4m after having paid dividends to the value of €11.05m, of which €8.5m correspond almost in total to the income generated by Naturhouse Health SA’s subsidiaries in 2014 and the rest to the income generated by Naturhouse Health and its subsidiaries in 2015, up to 16 March, which once again highlights the company’s considerable cash flow generation capacity and its ability to maintain an attractive shareholder remuneration policy (payout >80%).
In this respect, Naturhouse has agreed to distribute an interim third dividend to the value of €3 million (€0.05 gross per share) in September 4, 2015, ahead of its initial forecast of doing so in 2016.
Naturhouse was first listed on the stock exchange on 24 April 2015, an operation through which it captured investors from Europe’s main markets. The group aims to distribute a payout of 80% of consolidated net income and is forecasting net openings of 240 centres between 2015 and 2016, a goal that is increasingly nearer given that, between 31 December 2014 and 30 June, 92 new Naturhouse centres have been opened worldwide, of which 92% are franchises.
About Naturhouse
Naturhouse is a Spanish business group listed on the Spanish stock exchange, which works in the field of weight management and nutrition, 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 4,000,000 people. The company, which operates in 29 countries, had 2,046 centres at 30 June 2015, 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.
For further information please contact Kreab:
Cristina Triana (+34 628 750 844/+93 418 53 87)/Óscar Torres (91 702 71 70) ctriana@kreab.com/otorres@kreab.com
IMPORTANT NOTICE
This announcement does not constitute an offer for sale or a request for tender offers of securities in the United States, Canada, Japan or any other country in which it is illegal to make an offer or request of this kind. Securities may not be offered or sold in the United States unless they are registered within the scope of the applicable legislation or are exempt from registration. It is not Naturhouse’s intention to register any section of the Offering in the United States or make a public offering in the United States. Any public offering of securities made in the United States will be carried out through a prospectus that will contain detailed information about Naturhouse and its management team, as well as financial statements. Copies of this announcement are not and should not be published, distributed or sent to the United States, Canada, Australia, Japan or any other country in which distributing said information is restricted by law.
This communication is an announcement and is not a prospectus and none of the document’s content is an offer of securities. No-one should acquire ordinary Naturhouse shares unless the acquisition is based on the information in the Prospectus published by Naturhouse in relation to the Offering and the listing of its shares.
Naturhouse’s Prospectus was approved by the Comisión Nacional del Mercado de Valores (“CNMV”) and was recorded in its official register on 9 April 2015. The Prospectus is available to investors on the issuer’s website (www.naturhouse.com) and that of the CNMV (www.cnmv.es), as well as at the registered addresses of Naturhouse, the Stock Exchanges, the entities participating in the Offering and the agent.
