Ingredients and flavours producer Frutarom said it expects to double turnover in the next four years, despite booking a drop in first-half profits today (27 August).


For the six-month period, net profit, excluding non-recurring effects, totalled US$16.5m compared to $21m in the same period last year.


Net sales in the first half dropped 5.5% to $205.1m, affected by the revaluation in the dollar rate against European currencies and the NIS, and from the continued effects of the global economic crisis. 


Operating profit also slid, dropping to $24.1m versus $32.3m in the same half of 2008.


Ori Yehudai, president and CEO of Frutarom, said: “We will continue to determinedly act for the implementation of our rapid growth strategy, combining organic growth and strategic acquisitions.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

He added: “We are convinced, that we will be able to achieve our goals and double Frutarom’s turnover again in the next 4 years, so that it will reach $1bn by 2012.”


EBITDA for the period dropped to $33m from $43.1m in the comparable period of 2008.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now