By Lucy Tandon Copp 13-Dec-2016
Natural skin care brand put in a shining performance in Australia, which outperformed its home market of New Zealand
Trilogy International Ltd, the owner of Ecoya, Trilogy and CS&Co, has announced its financial results for the first half of full-year 2017.
The company saw revenues shoot up by over half, growing 63% to $47.8m compared with $18.4m in the first six months of fiscal 2016.
Revenue was added to by Trilogy’s 25% acquisition of Forestal Casino (Sociedad Agricola Y Forestal Casino) in June this year.
CS&Co continues to deliver to expectations and is proving to be the right NZ distribution partner for Trilogy and Goodness.
Home fragrance and body care emerged as strong performers with revenue reach $9m, up 4% in the six months to 30 September.
Australia and New Zealand are Trilogy’s key markets and contributed 88% of revenue recorded for H1 2017.
Angela Buglass, CEO of TIL, said: “Momentum continued in the brands as we started to deliver on our strategic priorities, particularly in Australia, which outperformed New Zealand in both Home Fragrance & Bodycare and Natural Products.”
Trilogy now owns Ecoya, Trilogy the brand and Goodness, as well as CS&Co, New Zealand’s largest importer and distributor of cosmetics and fragrances.
Buglass added: “CS&Co continues to deliver to expectations and is proving to be the right NZ distribution partner for Trilogy and Goodness. I am looking forward to continuing this momentum as we work to deliver another milestone year.”
Sign in to see recommended stories here.