Naturhouse registers income of €14m (+4.8%), recovers the Spanish market and fulfils its 2015-16 guidance for centre openings, six months ahead of schedule
Barcelona, 26 July 2016.- Naturhouse, a company specialising in the sale of diet products and dietary re-education, has once again improved all its financial figures for the first half of the year, through the boost provided by its international business and the growth in the domestic market for the first time since 2012, fulfilling its goal of recovering the market in 2016.
The group’s total sales are up by 3.7% to €54.5 million. This increase is down to the general improvement in the business in the main countries in which the company has operations and especially the increase in franchise sales.
EBITDA stands at €19.93 million, up 2.9% compared to the same period last year. With this result, Naturhouse’s EBITDA margin stands at 36.6%, which is above the upper threshold of the group’s 2015 and 2016 target (30%/35%), while also being the highest in the industry.
Net income has increased to €13.92 million, speeding up growth to 4.8%, thanks to the general improvement of the business.
In terms of geographic areas, in addition to the favourable development of the international market, with sales growing by 4.2%, the 2% increase in sales in Spain in 1H16 stands out compared to the same period last year. This is especially relevant as this is the first half-year period since 2012 to see Spain register increased turnover, bringing us closer to our goal of recovering the domestic market in 2016.
As for centre numbers, Naturhouse has opened 91 centres in 1H16, 54 of which correspond to openings in 2Q16. This figure represents a total of 2,214 centres worldwide, a new record that meets the net openings target for 2015-16 six months ahead of schedule.
As for Naturhouse’s net cash position, the company closed 1H16 at €25.8m, €10.8m more than at the end of 2015, which is almost a 73% increase, in spite of having paid out €4.95 million in dividends on 4 May.
Meanwhile, the Board of Directors has agreed to pay out a €12 million interim dividend. This amount is the equivalent of an €0.20 gross dividend per share, which at the closure price for the end of the six-month period shows a dividend yield of 5.1%. This dividend will be paid on 15 September.
According to Félix Revuelta, Chairman of Naturhouse, “The figures we have just published show how we have fulfilled our promises, not only meeting our goal for net openings for 2015-2016 six months ahead of time and maintaining an EBITDA margin above the guidance, but more importantly, we have recovered the Spanish and Italian markets after 7 years of serious crisis, without forgetting about our international growth, which has extended to Malta, India and Hungary. This has all led to figures that once again show the strength of our business and the soundness of our balance sheet, showing how Naturhouse continues to create value for shareholders, which is, in the end, the ultimate goal we pursue.”
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 31 countries, had 2,214 centres at 30 June 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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