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Cosnova Beauty Reports 24% Sales Gain in 2011

Posted: February 23, 2012

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The sales development in the various foreign markets was also very positive. “As in previous years, our business in central and eastern Europe has developed extremely well," said Javier González, owner and managing director, Cosnova Beauty. "Despite the international economic and financial crisis, we were able to continue the rapid growth of 2010 in southern Europe, where we achieved an increase in turnover of more than 30% in Italy and an increase in turnover of more than 40% in Spain. In addition, we have enjoyed excellent results in North America, including a listing for essence in Shoppers Drug Mart, which is Canada’s largest cosmetics retailer. The development in turnover in the Middle East, Asia, Australia, Latin America and Africa has also been very positive as a result of successful brand launches and growing distribution.”

For fiscal 2012, the company plans to achieve post another double-digit growth performance in annual sales. “This is a realistic objective: our national and international business is continuing to develop superbly despite economic uncertainty and volatile financial markets," said González. "At the same time, we will encourage further development in the European market as well as expansion in the Middle East, Asia, Latin America and Africa.”