Augros Cosmetic Packaging, a French company specialized in high-end packaging decoration and production, announced its 2009 turnover ended the year 35% down compared to 2008.
Augros’ sales were down almost 50% at June 30, 2009, but the decrease on the period was limited thanks to a 24% increase of second semester sales. The Luxury Packaging Division grew 11% during the 4th Quarter.
“The period of inventory reduction is thought to be over for both the distribution and the perfume companies,” said Augros. The market recovery seems to be confirmed as Augros also announced its backlog as of January 27, 2010 was up 35%, as compared to 2009.
Estimated sales for the 1st Quarter 2010 based on firm orders, should end up closed to the 2008 level i.e., 4 million euro compared to 2,2 million euro in 2009.