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Eurofragance announced its financial results for fiscal 2010, featuring a sales increase of 46%, resulting in sales totaling €32.06 million, compared with €21.86 million in 2009. Sales in the company’s flavor division rose 83%, while fragrances grew by 42%. The company saw an increase of exports of 55%, marked by the notable increase of the flavor division’s expansion of 128% over 2009, and the company now has subsidiaries in Turkey, the Philippines, Mexico and Dubai. It also has increased its employees by 13%.
Eurofragance director general Santiago Sabatés commented, “Eurofragance is enjoying a high level of financial stability. We are balancing our strict cost control with the increase in the necessary investments to deal with the current requirements of the clients”