Results note: First quarter 2015

In the first quarter of consolidation following the merger of Natraceutical and Reig Jofre complementarity of both business increases net profit of new reig jofre 41% to 5.3 M€.

  • Reig Jofre closed the first quarter of 2015 with sales of 43.0 M€ (+5.3%), EBITDA of 7.7 M€ (+8.6%) and income before taxes of 6.2 M€ (+22.9%).
  • A quarter marked by strong seasonality due to the sales of the food supplements range for weight control to the pharmacy channel. This means that the first quarter results are not linearly extrapolated to the rest of the year, although Reig Jofre expects to end 2015 with overall growth in its financial figures.
  • At the end of March, the company continues to maintain a debt ratio to 2014 EBITDA of 1 time, despite higher working capital requirements due to the seasonality mentioned.
  • Reig Jofre will convene in the coming days its Annual General Shareholders’ Meeting, where the board of directors will propose a reverse split to give greater stability to the share.

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