Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Eurofragrance’s turnover grew by 5% in 2017 to reach EUR72 million

The family-owned Spanish designer and manufacturer of fragrances for perfumery, personal and home care products ended 2017 with a turnover of more than EUR72.2 million, five per cent more than the previous year.

These figures confirm that the company is on the right track with a growth strategy that will include further strong investments. The CAPEX for 2017 was almost EUR3 million, which was used to optimising the Singapore and Barcelona plants, SAP implementation in Mexico and new warehouse coding systems,” detailed the company in a release.

Laurent Mercier, Eurofragrance's CEO

Laurent Mercier, Eurofragrance’s CEO

During the latest year, Eurofragrance has diversified its geographical and segment operations with the aim to enhance growth. This has led to 27% higher sales in the Asian Pacific area and 32% in Turkey. Eurofragrance also achieved growth in mature markets like Europe and Spain, where figures are up by 17% and 18%, respectively. In addition, Eurofragrance has started expanding in new markets such as the United States, where it recently acquired a majority stake in Fragrance Design LLC, an Atlanta-based company, a transaction that will be complete in 2018.

In the Personal Care and Household segments, Eurofragrance grew by 22% and 24%, respectively, with innovative, creative products designed to appeal specifically to each client, providing great added value.

"The goal is to continue with the 2020 strategic plan, focused on Eurofragrance’s growth and profitability," said Eurofragrance’s CEO, Laurent Mercier.

© 2018 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus

MakeUp in Los Angeles and Luxe Pack Los Angeles open their doors today

The two events will officially open their doors on February 11th and 12th at Los Angeles Convention Center. MakeUp in Los Angeles, is dedicated to beauty and cosmetic products, trends, and formulation, while Luxe Pack Los Angeles focuses on luxury and high-end packaging solutions for fragrances and personal care products and (...)

read more
job opportunities
Experts’ views
On center stage, the floral bouquet is making its come back

Émilie Coppermann
On center stage, the floral bouquet is making its come back

Just like fashion that is eternally being reinvented, perfumery also works in cycles. And the floral accord is no exception. The very essence of femininity, today floral fragrances are less invasive than in the 1980s, as was the case with Poison by Christian Dior. At the end of the 1990s, floral accords were replaced by clean musky (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close