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A tip i gave recently PURE has today released news of a very substantial contract, so well worth starting up a thread as this has the making of a potential
mulibagger?
http://www.purecircle.com

RNS Number : 3742A
PureCircle Limited
31 July 2008


PURECIRCLE LIMITED

('PureCircle' or 'the Company')

MAJOR CONTRACTS WITH PEPSICO AND WHOLE EARTH

TO SUPPLY REBAUDIOSIDE-A (REB-A*) AND EXCLUSIVE LICENSE TO MARKET REB-A UNDER THE PureVia BRAND

PEPSICO AND WHOLE EARTH INTRODUCE ALL-NATURAL, ZERO-CALORIE SWEETENER WITH PURECIRCLE-SOURCED REB-A

The Board of PureCircle announces that it has signed substantial, long-term contracts with PepsiCo and Whole Earth Sweetener Company for the supply of high purity Reb-A for use in beverages and tabletop sweeteners worldwide under the PureVia brand. In addition, PepsiCo and Whole Earth will grant PureCircle an exclusive license to market Reb-A under the PureVia brand in certain categories. PureCircle will be entitled to all profits (including sub-licensing fees) related to this exclusive licensing agreement.

PureCircle will continue to be free to sell the non-branded ingredient to all customers across all categories and geographies.

The announcement, from PepsiCo and Whole Earth Sweetener Company, states that PureVia will debut in a new nutritionally-enhanced PepsiCo beverage called 'SoBe Life,' to be launched in Latin America, starting with Peru. PureViaTM will be available initially in three SoBe Life flavour blends: Tropical-Pomegranate, Strawberry-Kiwi and Orange-Tangerine.

Meanwhile, PureVia tabletop sweetener will launch in the United States this autumn, before expanding into drink and food products around the world.

Commenting on the contract award, Magomet Malsagov, Managing Director of PureCircle, said:

'PureCircle has worked extremely hard to build a capability which can support leading food and beverage manufacturers, such as PepsiCo and Whole Earth, in bringing natural, healthy products to consumers on a worldwide basis. These contracts are an important sign of confidence in PureCircle's capabilities to deliver high quality, consistently-pure Reb-A. We look forward to further developments in this exciting market, which we believe will herald a new era in natural sweetening and engender higher expectations on product taste and delivery among consumers.'

cyril

http://www.investegate.co.uk/Article.aspx?id=2009030407001226930

StockMarketWire.com
PureCircle said the full FY net profit benefits of its geared business model are not expected to be evident until H2, reflecting the H2 weighting of sales.

H1 sales are expected to be $43m, an increase of 24% against 1H FY14 ($34.8m). There was growth in sales across all its global sales regions and in all of its ingredients.

The growth in sales was primarily driven by new innovations in PureCircle's proprietary Stevia 3.0 TM portfolio of all-natural, no-calorie sweeteners and natural flavour systems.

It said H1 gross margin, operating margin and EBITDA are expected to increase in line with the increase in sales revenues.

The Group's H1 net result is expected to improve at least 50% compared to net result in H1 2014. In H1 the group completed a $44m share placement and renewed and restructured its principal bank facilities onto a new $71m five year facility.

The Group ended 1H FY15 with net debt of $52m (1H FY14 $85m) and cash and facility headroom of $76m (1H FY14 $59m). The Group is sufficiently funded for its current expansion plans.

Purecircle, William Mitchell, CFO, discusses the interim results & potential of the stevia market

click here

StockMarketWire.com
PureCircle will receive a United States Patent Application pertaining to the use of Rebaudioside M (Reb M) in beverage applications.

This Reb M product patent reflects PureCircle's industry-leading development of naturally sourced, superior-tasting stevia leaf extracts for food and beverage products.

Consistent with PureCircle's global business strategy, the Company, in alignment with its global partner and co-owner of this patent, has further sought international protection of this valuable intellectual property.

StockMarketWire.com
PureCircle said its sales for FY16 are expected to be not less than $138 million, an increase of $11 million (9%) on FY15, as sales grew in all regions.

"During FY16 our future sales pipeline again increased, underpinned by contributions from our extended portfolio of stevia innovation," the company said in a statement.

"But as we noted in April a number of planned customer launches have been delayed into FY17."

Margins are expected to have strengthened considerably in FY16 with EBITDA expected to be $37 million (FY15 $23 million), an increase of 60% and net profit expected to be $15 million (FY15 $4 million) an increase of 275%.

The net profit is stated after charging $2m of costs associated with our main market listing in October 2015.

"Our margin improvement principally reflects the contribution from our expanded high purity stevia portfolio," PureCircle said.

"In addition, there was some moderation in leaf costs and there was some contribution from favourable foreign exchange, although less so than in the first half of the year."

The Group is expected to end FY16 with net debt of $51 million (FY15 $46 million) and headroom of 78 million (FY15 88 million). The Group was operating cash flow positive in FY16, before production capacity expansion.

The shipments detained by the CBP in May 2016 referred to in our 2 June 2016 statement have now been released by the CBP for import into the United States.

The Company continues to work actively with the CBP to effect a full resolution of the issue for further shipments. The Company will update the Market with relevant news on this as and when appropriate progress is made.

StockMarketWire.com
Beverage sweetener manufacturer PureCircle said its annual loss widened after it was hit by adverse currency movements and a one-off US tax charge.

The company booked a net loss of $4.0m, widening from a $0.7m loss a year earlier.

Sales increased by 13% to $53.5m, but operating profit decreased by 44% to $3.1m on the back of margin contraction.

Margins were adversely impacted by currency fluctuations, sales mix and the transition to an improved leaf variety, the company said.

Adjusted Ebitda, however, increased by 21.9% to $7.8m.