Puratos Group confirms long-term strategy with solid final 2011 growth figures and an encouraging 2012 early-year outlook

 Breaking News
  • Sysco Grows European Business Sysco Corporation is to acquire Kent Frozen Foods, a successful UK-based food service distributor with revenue in the year ended 31st December 2016 of £47 million. The acquisition, which is conditional upon approval from the Competition and Markets Authority, will see Kent Frozen Foods join Sysco’s other UK businesses, including Brakes, Fresh Direct and M&J [...]...
  • Nestlé Nominates Three New Independent Directors to its Board Nestlé has announced that it proposes Pablo Isla, Chief Executive Officer of Inditex; Kasper Rorsted, Chief Executive Officer of adidas; and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election to its Board of Directors. The elections will take place at the company’s Annual General Meeting on April 12, 2018. At that time, three current directors, [...]...
  • Increased Funding For Promoting Europe’s Agricultural Products The European Commission has launched the calls for proposals for programmes to promote European agricultural products throughout the world and within the EU. A total of €169 million is available to co-finance the programmes, up from €142 million in 2017. Programmes can cover a wide range of issues from general campaigns on healthy eating to [...]...
  • The Coca-Cola Company Announces New Global Vision to Help Create a World Without Waste The Coca-Cola Company has announced that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that [...]...
  • Partnership that Mitigates Cross Contamination Fits Like a Glove Two world leaders in their respective fields have combined their expertise to create Europe’s first bona fide antimicrobial nitrile gloves. Unigloves new Fortified single use gloves incorporate silver ion technology from BioCote®, which has been scientifically proven to destroy 90% of bacteria within just 15 minutes and 99.5% in only two hours – BioCote is also proven effective [...]...

Puratos Group confirms long-term strategy with solid final 2011 growth figures and an encouraging 2012 early-year outlook

June 17
15:31 2012

The Puratos Group announces its final results for 2011. At a time when markets are increasingly subject to volatility and growth pressure, Puratos manages to achieve growth fully in line with its long-term strategy. This is further confirmed by encouraging 2012 early-year figures.


Groot-Bijgaarden (Belgium), 18 June 2012 – The Belgian Puratos Group announces that its final 2011 results meet original expectations – with growth in annual revenue and EBITDA. Net sales reached € 1,212 million (+11%), resulting from volume growth and price/mix effect, and the contributions by acquisitions in Latvia and Brazil. EBITDA amounted to € 108.3 million, up by 4%. These results show the continued success of the Group, in line with its long-term strategy, which is further confirmed by the good 2012 early-year results and a positive outlook. As may be expected, the global market is showing some signs of slowing down, which is especially felt in terms of volume, but the Group’s margins and profit evolution remain fully in line with its growth strategy. This is largely the result of successes in a number of Western European, Asian and South American countries, and in particular in the BRIC countries.

Daniel Malcorps, CEO of the Puratos Group, comments: “This success is the result of our continued efforts to innovate our product offering alongside our vision and of our clear focus on realising our growth ambitions. Of course, over the last year, we have experienced the pressure of the crisis in the Euro zone and the uncertainty of the financial markets, in particular with volatility in raw material prices. Greece remains a big concern, as does Spain, although we hold our position in both markets. In the end, we are very pleased to be able to continue our growth – in line with the Group’s long-term strategy.”

Record investments to ensure continued growth

In order to continue the rollout of its strategy for the future, in 2012, the Puratos Group is set to spend a record amount of capital expenditure – in total close to 80 million Euros. The projects include the construction of a state-of-the-art new R&D centre in Groot-Bijgaarden (Belgium), the second year of the major upgrade of the manufacturing facilities in Pennsauken (New Jersey, USA), the upgrade of the manufacturing facilities in Groot-Bijgaarden, and the completion and start-up of a greenfield manufacturing plant in Guangzhou (China). In addition, Puratos is continuing its global, Group-wide rollout of a new SAP ERP/CRM system projected to take several years.

Daniel Malcorps comments: “Puratos is investing in order to increase its capability to produce more and more innovative and technological products close to its customers everywhere, while increasing its service level.”

Despite its strong investments in infrastructure and R&D, Puratos continues to enjoy a very strong balance sheet with a Net Debt/EBITDA ratio at 31/12/2011 of 0.9

Strategic view on growth

The Puratos Group’s growth strategy remains focused on its mid-term and long-term milestones; namely, to achieve turnover amounting to € 2 billion by 2018 and € 5 billion by 2030. Daniel Malcorps, CEO of the Puratos Group, comments: “To date, we remain fully in line with our long-term plan. In order to secure the Group’s continued growth, we rely on organic growth supported by a focused product innovation strategy, technological and geographical expansion – the latter including selective acquisitions when they can help to accelerate the expansion plan. “

Eddy Van Belle, Chairman of the Board, continues: “In addition, we make substantial investments in our teams around the world to assure they have the expertise, knowledge and skills to support our growth strategy. Over the years, our internal training programme, the Puratos University, has grown into a global platform for sharing expertise and knowledge throughout the Group. As we continue the rollout of our mid- and long-term strategy, the Puratos University will become even more important, also to assure we remain true to our overall mission: to be ‘reliable partners in innovation’ for our customers around the world in order to help them build their busines.

 About Puratos

Puratos is an international group, which offers a full range of innovative products and application expertise for artisans, industry, retailers and food service customers in the bakery, patisserie and chocolate sectors. Our headquarters are located on the outskirts of Brussels (Belgium), where the company was founded in 1919. Today, our products and services are available in over 100 countries around the world. In many cases, they are produced locally by our subsidiaries. Above all, we aim to be ‘reliable partners in innovation’ across the globe to help our customers deliver nutritious, tasty food to their local communities.

For further information, visit www.puratos.com.

Press Contacts

Pascale Jantcheff

Group Corporate Communication Manager

Puratos Group

Industrialaan 25

1702 Groot-Bijgaarden

Tel.: +32 2 481 44 44

e-mail: pjantcheff@puratos.com


About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
  • January 28, 2018ProSweets Cologne (Int'l Sweets and Biscuits Fair)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here