Eurofragance reports 20% growth in 2021 sales

Eurofragance ended 2021 with sales of €94m, a 20% increase compared with the previous year.

The Spanish company said strong performance in India, the Middle East, Africa, Turkey, Latin America and North America offset Covid-related logistics challenges in Asia.

In 2021, all categories - fine fragrance, home care and personal care - enjoyed a “positive evolution”, it said, meeting its “top and bottom line forecasts”.

“We recorded a record-breaking result coming from our ‘Vitality’ strategy, designed to generate incremental business growth,” said CEO Laurent Mercier (pictured).

Juan Ramón López Gil, Eurofragance CFO, added: “While a number of uncertainties remain for 2022, such as the current geopolitical tensions, this year, we are off to a good start; our sales growth for the first quarter is positive and in line with our objectives.”

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