Naturhouse earns €13.8 million and proposes a dividend of €0.05/share for payment on 14 December 2018, bringing dividend yield for the first nine months of the financial year to 9.4%*
Madrid, 30 October 2018. Naturhouse, a company specialising in the sale of dietary products and dietary re-education, has registered revenues of €68.9 million and an EBITDA of €20 million. The company’s net result, meanwhile, stands at €13.8 million.
In addition to the challenging climate conditions in the first half of the year, Naturhouse has continued to be affected by strikes in France in the third quarter of 2018, along with increased competition and lower productivity rates as the company reorganised its commercial departments. To combat this, Naturhouse is bolstering its advertising efforts and the sales division, while also committing to an image change in its stores in a move towards a format called Tienda 2.0, where customers can directly approach products not linked with weight loss, without the need for advice, given that said products are already divided into categories. This move will help promote the items already on sale that do not currently make a significant contribution in terms of turnover.
In terms of its online strategy, the company remains determined in its efforts to launch in the US and UK, where it is committed to a combined model of online and in-store sales. Initial tests are providing satisfactory results, even in areas where there are no stores at the current time.
As for international growth, after entering Austria, Naturhouse is now present in 34 countries. This once again highlights the business model’s ability to adapt to any country, regardless of culture, religion and level of development.
With regards to the number of centres, Naturhouse has opened three in 2018. This brings the total to 2,363 stores worldwide, of which 99% are based in Europe, making the company an undeniable industry leader on the continent.
Naturhouse continues to show a solid financial position. The company’s net cash position at the end of 3Q18 stood at €8.33 million, after paying out €17.4 million in dividends and while awaiting a €4 million repayment from the Spanish Tax Authority.
The Board of Directors, meanwhile, has agreed to the payment of a second interim dividend for 2018 of €0.05/share on 14 December, placing the company’s dividend yield at 9.4%*. Furthermore, a new dividend payment schedule has been agreed for 2019, comprising four payments a year.
According to the Chairman of Naturhouse, Félix Revuelta: “We are well positioned for growth, not only because we have a leading brand in the industry in Europe, but also because I am convinced that the commercial strategy we have adopted, the image change in our stores and our progress in e-commerce will lead to the desired results.”
*Based on the closing share price on 24 October: €2.32.
Naturhouse is a Spanish business group listed on the Spanish stock exchange that works in the diet and nutrition sector, with a proprietary and distinctive business model based on the “Naturhouse Method”. The method combines the sale of food supplements with free, personalised advice and monitoring from a qualified specialist. Since it opened its first shop in the Spanish city of Vitoria in 1992, Naturhouse has provided advice to more than 6,500,000 people. The company, which operates in 34 countries, had 2,363 centres at 30 September 2018, both directly operated and franchises. Naturhouse is the only diet food business to be present throughout the whole value chain, from product development and manufacturing to sales and customer assessment. This, alongside the business’ low investment requirements and an attractive return for franchisees, has meant the company has received numerous awards. For nine consecutive years, it has been selected as one of the top 100 franchises worldwide by Franchise Direct.
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