Fine ingredients company Frutarom has reported a 7.9% increase in second-quarter sales to US$72.3m, with revenues for the first half up by 8.7% at $143.3m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

However, profitability was adversely affected by higher raw material prices. Operating profit for the quarter reached $9.7m, against $11.6m last year, while operating margins stood at 13.4% compared with 17.2% in the corresponding quarter last year.


Net profit for the second quarter increased by 2.2% to $8.6m, while for the six-month period net profit rose by 14.4% to $17.4m.


The company attributed the sales increase to a combination of organic growth in core activities and strategic acquisitions.


Frutarom also said it was looking for further acquisitions. “Frutarom’s management continually seeks to find and execute strategic acquisitions,” said group president and CEO Ori Yehudai. “Frutarom is in contact with several companies that are interesting candidates for potential acquisition, mainly in countries and markets where we already have significant activity.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The acquisition of  Nesse contributed about $8.9m to second-quarter sales, the company said, adding that the integration of Frutarom’s and Nesse’s activities was proceeding “very successfully”. Sales growth at its flavours division had also contributed to growth, as had greater synergy and cross-selling opportunities between Frutarom’s divisions.


Second-quarter earnings per share were unchanged from 2005 at $0.15, while EPS for the first half increased to $0.31 from $0.28 in 2005.