The net result would have been negative at 9.9
The Spanish multinational dedicated to the development of chocolate products Natra has reduced its losses by 49% compared to 2016, from 12.6 to 6.4 million euros, and has increased its profits before of taxes by 19%, up to 26.2 million euros.
Accounting for the adjusted expenses for the year, the net result would have been negative at 9.9 million euros, 19% less, as reported by the company itself.
The result before taxes (EBITDA) grows for the third consecutive quarter compared to the previous year, as well as the adjusted result on sales, which grows one point, up to 7%.
Sales, on the other hand, increased by 2% to 372.5 million euros.
Natra expects to continue improving in all its financial dimensions during 2018, both in sales, costs and margins on EBITDA and in reduction of net financial debt.
The company expects to grow in double-digit EBITDA and move to profits in the second half of the year, given the seasonality of the business, the same sources have reported.
Regarding the net financial debt, during the past year it was reduced by 8.9 million euros, 6%.
the increase in the cash balance.
This decrease was mainly due to the generation of funds for the year, applied to the amortization of debt and the increase in the cash balance.
In addition, the company claims to have a “solid financial structure in the long term”, since 85% of a requested loan of 145 million nominal euros matures in 2022 and has the flexibility that the excess cash generated in each case can be applied. exercise to the early amortization.
A surplus of available liquidity of 17 million
The company has structurally available cash surplus; at the end of 2017 it had a cash of 11.9 million, which, together with other available credit lines, means a surplus of available liquidity of 17 million euros to meet its short-term obligations.
Founded in 1943 in Valencia, Natra is a leading multinational in Europe in the production of chocolate products and cocoa products that markets its products throughout the world.
The company has six production centers in Spain, Belgium, France and Canada, as well as a permanent commercial presence in Europe, Canada, the United States and Asia; and has been listed on the Madrid Stock Exchange since 1991.
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