HCT expects 42% growth
Exports rise to represent 75% of total sales
HCT Group have announced its expected financial results for 2012-13 with a 42% top line growth in Europe and rising exports to 75% of its sales while the group consolidated growth expected is 20%.
HCT Europe will represent 24% of the global consolidated group figures and is expected to bring US $44M to the group becoming the fastest growing subsidiary as a result of the new strategy implemented two years ago.
Geographically, USA expected turnover US $98M, Europe US $44M and Asia Pacific US $24M.
The US $35M sales to Europe are made up of: Spain 33%, France 18%, Nordics 10% and Benelux 7%.
Albert Roger, Managing Director HCT Group Europe: “Sales to Spain are growing rapidly as HCT has taken advantage of the shift in consumers’ preference when it comes to choosing their desired brands and the growing demand of retail private labelled cosmetics”.
“As the financial crisis is hitting the majority of countries in Europe, sales and growths expectations for next year in countries like France and Benelux are very high”, said Albert Roger.
These results confirm the success of the diversification of HCT's business model, which traditionally were based on the packaging of cosmetic products. During the last years HCT has extended their portfolio to the manufacture of full service products with brand and marketing value. This activity already represents 52% of the turnover of HCT in Europe.