Eurofragance has announced its 2017 financials, which saw a turnover of more than €72.2 million, a 5% increase over the previous years.
Regionally, Asia Pacific and Turkey saw significant gains with a 27% and 32% increase in sales, respectively, while figures were up 17% in Europe and 18% in Spain. Additionally, Eurofragance aims to expand into new markets in the United States, beginning with its acquisition of a majority stake in Atlanta-based Fragrance Design, LLC, set to be completed in 2018. Driven by innovation, the personal care segment grew 22%, while household saw a 24% increase in sales.
Related: Eurofragrance Enters US Market with Acquisition
Moving forward, said CEO Laurent Mercier, “the goal is to continue with the 2020 strategic plan, focused on Eurofragance's growth and profitability.”