Business
Record Results for the Turpaz Group in 2024 - Double-digit growth in revenue, operating profit, adj. EBITDA and net profit
The Turpaz Industries group (TASE: TRPZ), which develops, manufactures, markets and sells, directly and through its subsidiaries worldwide, fragrance extracts, flavor solutions and specialty fine ingredients, reports today its financial results for 2024 and the fourth quarter of the year.
About this update from Turpaz Industries Ltd
[{"type":"text","content":"Turpaz sales in the fourth quarter jumped 65% to a record $55 million; adj. EBITDA, which is among the industry leaders, rose to 23% of sales in the fourth quarter, reflecting a 66.7% increase compared to the corresponding quarter; operating profit in the fourth quarter jumped 71% and net profit grew 34.5%","length":307,"tagName":"p"},{"type":"text","content":"HOLON, Isreal, March 18, 2025 /PRNewswire/ -- The Turpaz Industries group (TASE: TRPZ), which develops, manufactures, markets and sells, directly and through its subsidiaries worldwide, fragrance extracts, flavor solutions and specialty fine ingredients, reports today its financial results for 2024 and the fourth quarter of the year.","length":340,"tagName":"p"},{"type":"image","alt":"Turpaz Double Digit Growth Q4 2020 - 2024","displaySize":"","headline":null,"caption":"Turpaz Double Digit Growth Q4 2020 - 2024","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":155,"url":"https://media.zenfs.com/en/prnewswire.com/b416c4677983ff271c39b8cfa5a3800d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Aj1V6RFhg2WOiVX4bSIZeA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b416c4677983ff271c39b8cfa5a3800d","width":400,"height":155}},"href":"https://mma.prnewswire.com/media/2644009/Turpaz_Industries_1_Infographic.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Turpaz's core activity, which includes the Taste and Fragrances segments, doubled in the fourth quarter of 2024, including organic growth at a double-digit rate of 10.3%, and in 2024, core activity grew by 73.7%, including organic growth of 8.2%","length":249,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"In 2024 as a whole, pro forma sales amounted to $212.6 million. Sales in 2024 grew by 48.4% to a peak of $188.9 million, an average annual growth of 37.6%, showing consistent growth between 2020 and 2024. ","length":204,"tagName":"p"}]},{"val":[{"type":"text","content":"Sales in 2024 grew by 48.4% to a record $188.9 million, an average annual growth of 37.6%, reflecting consistent growth between 2020 and 2024.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Adj. EBITDA grew by 54.8% to $43.0 million, and the adj. EBITDA margin reached 22.7% ","length":84,"tagName":"p...