Frutarom Continues to Implement its Rapid Growt...(ng the firstnine months of 2008 the Comp...),Health

As at September 30, 2008, Frutarom's shareholders' equity totaled US$ 278.9 M (50.9% of balance sheet total) compared to US$ 242.6 M (62.3% of balance sheet total) as at September 30, 2007. Most of the increase in shareholders' equity resulted from the net profit generated during the period.

Ori Yehudai summed up the quarter and stated: "We will continue to determinedly act for the implementation of our rapid growth strategy, combining organic growth and strategic acquisitions. We are satisfied with our organic growth rate and the integration of the acquisitions made in 2007 with our global activity, while maximizing the extraction of business and operational synergy. The implementation of the integration processes of the acquired activities, as planned, has contributed to the further improvement in profit margins, and we will continue to act determinedly to further achieve high organic growth and to improve margins. We view this challenging and complex period in the global economy as an opportunity to further establish our position. Frutarom's core business - 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 us to successfully glide through the global economic crisis and exploit the opportunities which have emerged and continue to emerge as a result of this crisis."

About the Company

Frutarom is a global company active in the world markets for flavors and ingredients. Frutarom has significant production and development centers on three continents and markets its products on five continents to over 10,000 customers in more than 120 countries. Frutarom's products are intended mainly for the food, beverage, flavor, f
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