Spanish food group Natra has reported a net loss for 2009 as a result of restructuring within the company.

The chocolate maker made a net loss of EUR52.2m (US$71.1m) compared to a net profit of EUR300,000 a year earlier.

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Natra said the decline was a result of organisational restructuring announced in the third quarter of 2009 and the acquisition of a 34% stake in French natural ingredients maker Naturex by Natra’s biotechnology unit Natraceutical.

Revenue also declined, dropping to EUR421m from EUR455.9m in the prior year.

EBITDA decreased to EUR4.9m from EUR39.4m in 2008.

Natra said it managed to reduced its debt in 2009 to EUR238.9m from EUR303.4m at the end of 2008

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“Natra will focus its business plan in 2010 on the potential for organic growth in the
company … and enhance cash generation in cocoa and chocolate,” the firm said.

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