Year-on-year Q3 EBITDA profits dipped 9.2% to €5.73m at Spanish cocoa and chocolate and specialist Natra as ongoing cocoa price hikes hit even as quarter revenues rose 5.2% to €89.93m.
Natra is developing a range of Spanish olive oil, cheese and wine filled chocolates; the company hopes that the integration of these Mediterranean ingredients will put Spain on the map for chocolate.
Spanish cocoa processor Natra has posted a net loss in its 9-month results which it attributed to rising cocoa prices amid speculation of industry consolidation.
Broadening its portfolio of origin sources for cocoa formulations, private label player Natra will buy 50 tonnes of cocoa from Colombian co-operatives that have switched from cocaine to cocoa cultivation.
Squarely targeting the growing demand from confectioners and retailers for health-promoting products, chocolate maker Natra has rolled out a range of functional chocolate bars specifically directed at private label brands.
Spanish food firm Natra has reported yet more impressive sales and revenue growth as its integration of newly acquired All Crump continues with success.
Spain-based Natra is now the largest private label producer of
chocolate spread in the EU, after recent acquisitions in Italy and
Belgium, the company claims.
Spanish cocoa company Natra announced yesterday the
acquisition of Belgium-based All Crump, as part of the company's
plans to enter the chocolate spread market.