Communication Officielle
Lundi 20 juin 2022, 13h04 (il y a 22 mois) FERMENTALG : New doubling of sales of DHA ORIGINS(R) Omega-3s in Q1 2022Libourne - May 10, 2022 – Fermentalg (Euronext - FALG), a major French player in microalgae, announces its sales for the first quarter of 2022 and confirms its business outlook for the current year. New record quarterly sales
Fiscal year 2022 is starting with the same commercial momentum as 2021, with a new record of sales achieved in a single quarter. At €2.9 million, sales of Omega-3s DHA ORIGINS® have been multiplied by 2.4 compared to the level of the 1st quarter of 2021. This commercial performance was achieved thanks to the very strong growth in Europe, which is the largest contributor of revenues in the first quarter (53%), ahead of North America (45%). Beyond that, Fermentalg has new growth reservoirs not addressed today, whether in Europe, thanks to the authorization obtained in the summer of 2021 for incorporation in baby formulations, or in Asia, with the winning of a first order in China to be delivered this year. Resulting from Fermentalg's research, DHA ORIGINS® is the only range of Omega-3s of algal origin that can boast a natural concentration of at least 550mg/g of DHA. This premium product is meeting a growing success with customers concerned about the degradation of fish oil quality and militating for a lesser dependence on certain excesses of industrial fishing. Confirmation of the 2022 objective Continued investment in the future On the industrial level, Fermentalg continues to increase its production capacity and is redoubling its efforts to optimize its processes in order to face the inflation of raw material and energy costs. On the technological front, the company is accelerating the industrialization of BLUE ORIGINS®, its new natural blue dye alternative to synthetic chemical dyes, developed in partnership with DDW, a subsidiary of the Givaudan Group. The objective of reaching the second milestone, opening the way to the industrial transfer and marketing of the product, is confirmed before the summer of 2022. Finally, this quarter was marked by the closing of the Series A financing of CarbonWorks, the joint venture created by Fermentalg and Suez and dedicated to the carbon capture and utilization (CCU). This structuring operation, which saw BNP PARIBAS Principal Investments, Bpifrance, Demeter Investment Managers via its Agrinnovation fund and Aquiti Gestion via NACO in association with the Nouvelle-Aquitaine region, join the founders in the capital, provides the young company with the means to demonstrate its technologies for the bioconversion of CO2, captured on a methanization site, into natural fungicide. In addition, CarbonWorks is preparing for the next phase of scaling up to a semi-industrial scale, scheduled for next year. Next publication: sales for the first half of 2022, July 21, 2022 (after market close) About Fermentalg For more information: www.fermentalg.com
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