Eurofragrance’s sales soared to €180m in the full 2024 financial year, thanks to rising interest in fine fragrances as well as growth in India, the Middle East and Africa.
The Spanish fragrance house said like-for-like revenue was up 27% compared to 2023, and across all regions and categories.
Fine fragrance sales rose 28%, while home and personal care grew 20%.
“Achieving €180m in sales is a testament to our initiatives and the dedication of our teams,” said Eurofragrance CFO Juan Ramón López Gil.
“Each region’s contribution has been instrumental in achieving these results and our financial discipline and focused strategies will continue to drive our success.”
India, the Middle East and Africa represented the biggest growth region for the company – up 30%, and in particular in the UAE and Saudi Arabia.
“We are capitalising on the rapid development of dynamic markets such as UAE and Saudi Arabia, the latter of which continues to open up with substantial investments in beauty retail,” said López Gil.
“We are also benefiting from positive market trends in India, Indonesia and Turkey where rising disposable income is fueling demand.”
CEO Laurent Mercier said the company’s “disciplined approach” to growth and strategic investments in key areas has allowed it to maintain its reputation as a leading player in the fragrance industry.
“The strategies we have in place will ensure our sustained expansion, and our commitment to innovation will continue to drive our success in the years to come,” said Mercier.
