Eurofragrance reports USD 204.4M sales in FY24
The company’s performance reflects exceptional global growth in fiscal year 2024, driven by regional successes and a robust product portfolio.
SPAIN – Eurofragance, a Spanish fragrance company, reported remarkable sales of €180 million(USD 204.4 million) for the fiscal year 2024, marking a 27% increase compared to the previous year.
All regions saw strong gains, with growth rates spanning from 19% in the EAT region to 30% in IMEA, with notable contributions from markets like India, the UAE, and Saudi Arabia.
The company’s diverse product portfolio also played a key role, with the Fine Fragrance category experiencing a 28% surge and the Home and Personal Care segments seeing a 20% increase.
Juan Ramón López Gil, the company’s Chief Financial Officer(CFO), stated, “Achieving €180 million (USD 204.4 million) in sales is a testament to our initiatives and the dedication of our teams.”
“Each region’s contribution has been instrumental in achieving these results, and our financial discipline and focused strategies will continue to drive our success.”
Eurofragance’s success can be attributed to strategic investments, including the opening of a creative centre in Mumbai to strengthen its presence in India’s fast-growing market.
In addition, the company launched Euphorion, a synthetic addition to its ICON Captives collection, a perfumery ingredient that offers a new take on freshness in the perfumer’s palette, showcasing its commitment to innovation.
The workforce grew by 15% in 2024, reflecting Eurofragance’s focus on talent development and expansion.
Laurent Mercier, CEO at Eurofragrance, said, “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.”
Meanwhile, the company recently appointed Pelegrí Granel as its new Senior Perfumer.
This move aligns with Eurofragance’s strategic vision to expand its presence in the Home Care sector and diversify its fragrance portfolio.
Before joining Eurofragance, Granel served as a Senior Perfumer at Kao Corporation.
Known for his “cross-category’’ expertise in both Personal and Home Care, he brings a wealth of experience and an innovative approach to the company’s creation team.
With the addition of Granel, Eurofragance continues to build a team of specialized perfumers known for their talent, technique, expertise, and global market insight.
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