Dietox receives funding from Cabiedes and Faraday
Dietox is a Barcelona-based startup that produces cleansing diets based on fresh juices and smoothies. Dietox is growing considerably, with revenues of 708,000 euros last year, almost double that of the previous year, and the company began exporting to Italy, which now accounts for 30% of sales, and France, which accounted for 15% of turnover in 2014.
"The round is aimed at expanding the product range and boosting the company's internationalisation. Investors have bet on the company after seeing the path DIETOX has taken without any investment, which they say is a sign of its potential".
Naturhouse goes public
Naturhouse firma, which specialises in the sale of diet products and the re-education of eating habits, has gone public, becoming the third company to be floated on the continuous market this year, after Aena and Saeta Yield.
According to Revuelta, president and founder of Naturhouse, the IPO is a key step in the company's ongoing process of professionalisation, will strengthen its international strategy and represents another step forward in the process of professionalisation and transparency.
Naturhouse on Wednesday set at 4.8 euros per share the final price for its IPO on 24 April, the lower end of the indicative range the company had offered, valuing the entire company at €288 million.
In 2014, the group recorded revenues of €95.7 million, up 6.6% from 2013, consolidated operating income before depreciation, amortisation, impairments and other results (consolidated Ebitda) of €33.7 million - up 31.5% - and consolidated net profit of €22.5 million, up 38.1%.
"Naturhouse had already tried unsuccessfully to go public last year and wanted to make it clear in the prospectus it filed with the CNMV that investors should be aware that a number of risks before investing in the company. Risks associated with its business model include dependence on the growth and profitability of the business on the activity of its franchises and the limited influence of Naturhouse on them," says Diego Gutierrez of Abra-invest
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