Eurofins, a French company that supplies bioanalytical support services to the food industry, witnessed a 23 per cent leap in sales for the second quarter of 2002. This week the company reported that consolidated sales reached € 39.4 million, up from € 32.0 million for the same period in 2001 and that a large part of this increase is due to strong organic growth (well over 10 per cent).
In the total first half-year of 2002 sales were up 38 per cent to € 74.9 million compared to € 54.4 million for the first six months of 2001. The company claims that the strong overall sales growth is a reflection of Eurofins' business strategy to gain new customers by cross-selling activities throughout Europe as well as by outsourcing deals with renowned industry partners.
A recent example of such an outsourcing deal is the contract between Eurofins and Glon Sanders for a period of 5 years effective on July 01, 2002. This agreement includes the transfer of an internally operated laboratory specialised in nutritional assays to Eurofins Scientific France.
The Eurofins group employs approximately 2,000 staff in more than 50 laboratories with a portfolio of around 5,000 analytical methods for establishing the authenticity, origin, safety, identity, and purity of biological substances.