Independently owned fragrance company reports €63.1m turnover for the full year
Eurofragance has reported a 13% increase in its turnover. The company released its financial report for the year ending 31 December 2015, declaring €63.1m in turnover, up from €55.7m in 2014.
The fragrance company also announced that its workforce has grown 10%, now employing 222 people with notable new recruits including HR Director, Marta Moseguí and R&D Director, Carlos Llorca. The company has also invested in its customer service team.
Eurofragance attributed its recent success to increasing sales across all markets, but particularly strong growth in America, Asia and the Middle East. The company has opened two new creative centres – one in Dubai and another in Singapore as part of wider investments in the markets.
Eurofragance's Mexico plant also saw major investment last year, as the brand improved production capacity.
Last year, sales increased 14.5%, exceeding expectations. At the time, CEO Santiago Sabatés said: “Asia and America are a breading ground for future company growth and this sets up a framework for the important staff incorporation planned in Mexico as well as the improvements aimed at greater productivity and service for the entire company.”
Eurofragance is now present in more than 60 countries worldwide, with manufacturing plants in Spain and Mexico. It is still family-owned and uses the slogan "capturing sensations" with a focus on unique fragrances.