Turnover: 235 million EUR (2022)

Country: France

  • Producer of dietary supplements
  • 900 employees
  • 5 international subsidiaries

News

How France's Havea is capitalizing on the dietary supplements boom 27/12/2023

  • 59% of French people have consumed dietary supplements in the last two years, according to a survey conducted by Harris Interractive for Synadiet, the industry's trade association.
  • Estimated at 2.6 billion euros in France and 15 billion euros in Europe, the dietary supplements market has been growing at an average annual rate of 5% over the past ten years.
  • French company Havea, number one in Europe with sales of almost 300 million euros in 2023, 40% of which are exported, has been recording annual growth of 10% to 20% for the past five years.
  • Group sold in 2022 by 3i fund to BC Partner
  • The site has already doubled its production in three years with 12 million euros of investment Havea consolidates its industrial base in Vendée
  • Havea acquires Biocyte's nutricosmetics business

  • Aragan, the group's flagship brand along with Biolane, Densmore, Vitavea, Dermovitamina and Bears with benefits.
  • The Aragan brand, distributed in pharmacies, accounts for a quarter of the Group's sales, and is growing by over 25% a year.
  • This success is linked to the waves of delisting that affect around twenty drugs a year.
  • 54% of sales of supplements are made in pharmacies
  • Non-reimbursed business represents less than 15% of sales
  • Havea acquired Germany's Bears for Benefits in 2022. Thanks to its gums, the beauty supplements specialist has doubled its sales in one year to 30 million euros in 2023

Vitavea, Havea's factory of 1,000 natural health products in Vendée, France 11/08/2023

  • The Havea site covers 25 hectares near Montaigu, in the Vendée region
  • The company employs 900 people, half of whom are based in Montaigu.
  • Havea produces 1,200 products a year, 1,000 of which are manufactured in its Vendée plant
  • The group estimates the natural health market in Europe at around 15 billion euros, including 2 billion in France.
  • Havea achieved sales of 232 million euros in 2022 and forecasts total sales of 290 million euros in 2023.
  • The Vitavea and Biolane brands account for over 30% and 22% respectively of Havea's sales.
  • 60% of Havea sales are centered in France, and 90% in Europe.
  • The Group is also present in markets outside Europe, such as China and Canada.

Havea consolidates its manufacturing base in Vendée 05/07/2023

  • The French Havea Group has taken over the German company Bears with Benefits.
  • Havea plans to invest 5 million euros in a chewing gum line.
  • The gum line will have a capacity of 4 million boxes a year.
  • The Vendée-based company recently completed its seventh acquisition in six years.
  • The Montaigu plant is home to half of the group's 450-strong workforce.
  • A project to increase capsule production from 400 million to 600 or 700 million is scheduled for the second half of 2024.
  • Havea, taken over in October 2022 by the BC Partners fund, will achieve sales of 290 million euros this year.
  • The group has gained 104 million euros in sales through acquisitions since 2017.
  • Havea aims to gain a further 200 million euros in sales through acquisitions by 2027.

Havea Group: Natural health specialist 30/06/2023

  • Sales target for Havea Group in 2021 is around 300 million euros, an increase of 20%.
  • The sales target for Havea Group in 2027 is one billion euros.
  • 60% of Havea Group sales are generated in France.
  • The growing "natural health" market in Europe is worth around 15 billion euros.
  • Havea Group's product portfolio comprises some 1,200 products.
  • Havea Group was acquired by the British investment fund BC Partners for 1.16 billion euros.
  • 950 employees, including 450 at its Montaigu plant and 250 in Paris.

Havea acquires Biocyte nutricosmetics. 01/02/2023

  • Havea sales of €235 million by 2022
  • 900 employees, including 400 at its Vendée plant
  • Biocyte brings its purchaser 50 employees and sales of €23 million
  • With a strong presence in some twenty countries, the company has a strong position in China, where it generates sales of €7 million
  • This is the group's seventh acquisition in six years, and its second since its takeover in October 2022

Vendée-based Havea launches a new series of acquisitions 09/11/2022

  • Acquisition of German company Bears with Benefits
  • The company is profitable and will achieve sales of 15 million euros in 2022 with 25 employees.
  • Italy accounts for 50% of sales
  • Vendée-based group specializing in hygiene products and dietary supplements
  • sixth acquisition in six years.
  • Germany, Europe's second-largest market for dietary supplements
  • 800 employees at this industrial site, which manufactures over 85% of its products.
  • New majority shareholder BC Partners values Havea at 1.1 billion euros

Havea dreams of becoming Europe's number one in natural health 09/11/2022

  • Bought out by BC Partners for over 1 billion euros
  • French champion in dietary supplements
  • Acquisition of German nugget Bears with Benefits
  • Objective: sales of 1 billion euros by 2027.
  • sixth acquisition in six years
  • 850 employees, half in Vendée
  • 60% of sales in France
  • 500 million euros to be invested in acquisitions
  • 15-billion euro market in Europe still highly fragmented
  • Largest players in Europe: Spain's Uriach, Italy's Aboca, Germany's Dermapharm

Financial Data

DUNS: 823334578

Legal Name: HAVEA GROUP

Address: parc d'activité sud loire, Boufféré , 85612 Montaigu CEDEX

Number of employees: Entre 20 et 49 salariés (2020)

Capital: 211 096 234 EUR


Financial Data:

Year 2020 2019 2018 2017
Turnover 4 487 105 3 510 289 619 500 273 051
Gross margin (€) 8 881 352 6 281 112 2 951 334 2 564 985
EBITDA (€) -400 186 -2 293 207 -2 842 917 -2 159 120
Operating profit (€) -1 634 439 -3 530 867 -3 833 841 -2 762 206
Net profit (€) -14 362 044 -12 679 287 -10 564 058 -8 712 352
Turnover growth rate (%) 27,8 466,6 126,9 1 763,7
Ebitda margin rate (%) -8,9 -65,3 -458,9 -790,7
Operating margin rate (%) -36,4 -100,6 -618,9 -1 011,6
Working Capital (turnover days) 2 701,8 3 493,5 12 788,4 -1 041,1
Working Capital requirements (turnover days) 181,9 260,7 -909,1 -2 744
Net margin (%) -320,1 -361,2 -1 705,3 -3 190,7
Added value / Turnover (%) -18,6 -24,1 -340,4 -740,2
Wages and social charges (€) 2 982 342 2 333 792 678 123 134 602
Salaries / Turnover (%) 66,5 66,5 109,5 49,3

Company Managers:

Position First Name Last Name Age Linkedin
Directeur général Matthieu, Paul, Charles MOURETTE 44

Studies mentioning this company

The complementary health products market - France

Other companies mentioned:

  • Mutuaide (Groupama)
  • Axa groupe
  • Allianz
  • Malakoff Humanis
  • VYV Groupe
  • Havea Group
  • Mutuelle interprofessionnelle de prévoyance (MIP)
  • Pacifica
  • Mutame & Plus
  • Mutuelle autonome générale éducation (MAGE)
  • MNT - La mutuelle nationale territoriale
  • Mutuelle UNEO
  • Mutuelle de Poitiers assurances
  • Mutuelle Intériale
  • MGC - Mutuelle générale des cheminots
  • MutEst
  • Mutualia Grand Ouest
  • MGAS - Mutuelle générale des affaires sociales
  • Mutuelle Just
  • So'Lyon Mutuelle
  • MBA Mutuelle
  • MGEFI - Mutuelle générale de l'économie, des finances et de l'industrie
  • MGEN - Mutuelle Générale de l'Education Nationale
  • Mutami
  • Mutuelle Entrain
  • Mutuelle familiale de Normandie
  • Mutuelle Intégrance
  • Mutuelle Mare-Gaillard
  • Mutuelle nationale du personnel des établissements Michelin (MNPEM)
  • AG2R La Mondiale
  • Harmonie Mutuelle
  • Apicil
The food supplements market - France

Other companies mentioned:

  • Juva Santé (Urgo Groupe)
  • Vitarmonyl
  • Arkopharma
  • Forté pharma
  • Vemedia Consumer Health France (Oenobiol)
  • Galderma
  • Les Miraculeux
  • Apyforme
  • Solgar France
  • Laboratoire UNAE
  • Respire
  • Nutri & Co
  • Foodspring
  • Laboratoire Lescuyer (groupe Lehning)
  • Vinpai
  • Havea Group
  • Glanbia
  • Laboratoire Les Trois Chênes
  • Nutergia
  • Herbarom Groupe
  • Nestle Healh Science
  • Mint E Laboratoire
  • Green Whey
  • Nutripure
  • Nutrimuscle
  • Biocodex
  • Nestlé Groupe
  • Herbalgem (Inula groupe)
  • Pranarôm (Inula Groupe)
  • NaturAvignon
  • NaturAvignon
  • Eurospechim Nutrilo
  • Strapharm (Naturacare Group)
  • Codilab (Biofarma Group)
  • Biofarma
  • Herbolistique Laboratoires
  • Nutrigee
  • Nexira
The dermocosmetics market - France

Other companies mentioned:

  • Beiersdorf
  • La Roche-Posay
  • Nuxe
  • Estée Lauder
  • Too fruit
  • Sephora
  • Lucette (Hivency)
  • Marionnaud France
  • AS Watson
  • La Crème Libre
  • NAOS Bioderma
  • Caudalie
  • Pierre Fabre
  • Galderma
  • Rocher Groupe (Yves Rocher)
  • Clarins Groupe
  • Ieva Group
  • A Derma (Pierre Fabre Groupe)
  • Cible Skin
  • Uriage (Puig Groupe)
  • Sanex (Colgate-Palmolive)
  • Klorane (Pierre Fabre Dermocasmétique)
  • Laboratoire Native- Alès Groupe (marques Phyto, Lierac, Roger & Gallet, Jowae)
  • Lierac (Laboratoire Native)
  • Mixa (L'Oréal))
  • Nivea (Beiersdorf)
  • Topicrem - Mayoly Spindler
  • Roger&Gallet (Laboratoire Native)
  • Z&MA
  • Institut Esthederm (Naos)
  • Galénic
  • Codexial Dermatologie
  • Eucerin
  • Ducray
  • Noreva
  • Embryolisse
  • SVR Laboratoires
  • Grown Alchemist (L'Occitane Groupe)
  • BeauTerra
  • Havea Group
  • Havea Groupe Biolane
  • Biocodex
  • Dr Pierre Ricaud (Rocher Groupe)
  • Alvadiem
  • Olala cosmetics - EQAM
  • Expanscience

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