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French cosmetics and fragrances group Bogart’s operating income skyrockets in 2017

Translated by
Nicola Mira
Published
today May 3, 2018
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In the 2017 financial year, French cosmetics and fragrances group Bogart (owner among others of Ted Lapidus and the April perfumery chain, and a licensee of Carven) recorded an operating income of €16.3 million, equivalent to a 49.5% leap over the previous year. The performance owed both to the optimisation initiatives of its subsidiaries and to a stricter control over operating expenditure.


A store of the April perfumery chain, owned by Bogart - Bogart


In the period ending 31st December 2017, the group’s EBITDA was €15.1 million, up 8.6%. The growth was driven by Bogart’s distribution and direct retail activities, despite the former’s revenue slumping 11.9% to €36.9 million, notably due to problems in the Middle East and Brazil, two markets which usually generate a significant amount of business.

In 2017, the French group specialised in the design, production and distribution of fragrances and cosmetics recorded a revenue of €129.7 million, compared to €105.8 million a year earlier, equivalent to a 22.6% rise. The increase was generated mostly by Bogart's direct retail business, whose revenue boomed, rising from a 46.6% share of overall revenue to a 91.1% one, driven by expansion in Germany after the acquisition of the HC Parfümerie chain. Despite this, Bogart's comparable sales posted a 0.4% decrease.

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