MILAN — Italian group Coswell SpA, which specializes in the production and sale of consumer goods for personal care as well as fragrances through its division Eurocosmesi, registered a positive trend in the first nine months of this year.
Coswell, which produces fragrances and cosmetics for brands including Byblos, Gandini and Bionsen, closed on Sep. 30 with revenues of 82.8 million euros, or about $89 million at current exchange, up 12.9 percent compared to the same period in 2014.
The company’s earnings before interest, taxes, depreciation and amortization amounted to 13.6 million euros, or about $14.6 million, up 20.9 percent compared to the first nine months of 2014. The net operating income confirmed the positive trend, standing at 7.4 million euros, or about $7.9 million, an increase of 41.4 percent compared to Sep. 30 of last year.
“The closing forecast for Dec. 30 confirms that the growth will be in line with the business plans that essentially provide a consolidation of the market share in Italy and an important growth abroad, which will settle in double figures, supported by the opening of new markets, such as Saudi Arabia with Isomar; Israel with Biorepair, and Romania with L’Angelica,” said Paolo Gualandi, president of Coswell SpA.