Frutarom Continues to Implement its Rapid Growt...( HAIFA Israel November 20 /- ...),Health

HAIFA, Israel, November 20 /PRNewswire-FirstCall/ --

- Sharp Growth in Sales and Considerable Improvement in Profit and Margins; Cash Flow Doubled; Earnings per Share Grew By 70%

    - Sales in the Third Quarter Grew 36.9% to US$ 120 M

    - Gross Profit Grew by 43.6% to US$ 45.3 M

    - Operating Profit Grew by 79.6% to US$ 15 M

    - EBITDA Grew by 74.1% to US$ 20 M

    - Net Profit Grew by 60.7% to US$ 9.4 M

    - Cash Flow From Current Activities Grew by 140% to US$12.6 M

    - Earnings per Share Grew by 70% to US$ 0.17

    - The quarter's results reflect Frutarom's continued successful
      implementation of its rapid and profitable growth strategy and the
      successful integration of the seven strategic acquisitions executed in
      2007, while further improving profit and margins

    - Gross margin - 37.7% compared to 36% in parallel quarter

    - Operating margin - 12.5% compared to 9.5% in parallel quarter

    - EBITDA margin - 16.6% compared to 13.1% in parallel quarter

    - Cash flow from current activities - US$ 12.6 M compared to US$ 5.3 M in
      parallel quarter

    - Ori Yehudai, Frutarom's President and Chief Executive
      Officer: "Frutarom will continue to act determinedly to implement its
      rapid growth strategy which combines organic growth and strategic
      acquisitions. We view this challenging and complex period in the global
      economy as an opportunity to further establish Frutarom's position.
      Frutarom's core businesses - mostly intended for the food industry (a
      basic human need), its solid capital structure and its ability to
      generate cash from current activities, will enable it to successfully
      glide trough the global economic crisis and exploit the opportunities
      which have emerged and continue to emerge as a result of this crisis."

Frutarom (LSE: FRUTq, TASE: FRUT, OTC: FRUTF) today presented
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