Natra has reported narrowing first-quarter losses as lower financial costs and an improved performance from its chocolate and natraceuticals businesses provided a boost.
The Spanish food group posted a net loss for the first three months of the year of EUR1.3m (US$1.6m), down from a loss of EUR4.8m last year.
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EBITDA totalled EUR5.6m on sales of EUR87.1m in the period.
The company said that the operational performance of its natraceuticals business was improved by the company’s restructuring drive. Meanwhile, Natra’s chocolate operations benefited from an 8.7% lift in sales and improved margins.
Natra said that it anticipates improved profitability to be evident throughout the remainder of the year. However, the group did not provide more detailed guidance on its full-year expectations.
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