Growth was attributed to strong performance in the US and Spain
Spanish fragrance manufacturer, Eurofragance, has announced full year 2018 turnover of €78m, a growth of 8% on the same period the previous year.
The growth was attributed to strong regional performance, with sales up 6% in Spain, and up 29% in the US where it acquired a majority share of the Fragrance Design LLC (Atlanta) business in 2017.
The Gulf of Mexico and Asia Pacific were also singled out as high performing markets.
“2018 has been essential for strengthening and optimising our processes in all affiliates to improve our customer services worldwide,” commented Eurofragance CEO Laurent Mercier.
Over the last three years, the company has invested more than €10m in improvements and modernisation of its installations and processes, as well as in geographic expansion.
These include the commissioning of the plant in Singapore, implementation of ERP-SAP in affiliates and investment in project management systems.