(AOF) – Bogart, specializing in the creation, manufacture and marketing of perfumes and luxury cosmetics, publishes a turnover of 198.4 million euros at the end of the first nine months of the financial year, in strong growth of +22.7% against €161.7 million at September 30, 2021 (+5.7% at constant scope and exchange rates. The Bogart Fragrances and Cosmetics division continued to show good business momentum in the 3rd quarter of 2022, while the Bogart Beauty Retail division benefits from the expansion of its scope and a favorable exchange rate effect.
Bogart is currently launching its new fragrances on its key brands: Carven (women’s fragrance), Jacques Bogart (men’s fragrance) and also Ted Lapidus (women’s fragrance) which will participate in the growth of the Bogart Fragrances and Cosmetics division in the 4th quarter of 2022.
Bogart remains cautious about the continued contraction of activity in its store network given the current context, even if the Group recalls that the 4th quarter is usually a higher quarter in terms of revenues and profitability for the Bogart division Beauty Retail given the end-of-year celebrations and the new launches underway on its flagship brands.
The group remains attentive to the current inflationary context which weighs on costs (rise in raw materials and energy) but confirms its financial ambitions of an increase in its annual turnover and its EBITDA for the 2022 financial year.
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This is one of the strongest expectations of customers aged 25 to 40, who represent a growing proportion of sales. This also represents an advantage in recruitment for major luxury brands. LVMH, Fendi, Imperial College London and Central Saint Martins UAL have teamed up on a two-year research project to develop new biotextiles for fur in the sector. Recently the manifesto for a regenerative fashion, developed in partnership with the Alliance for the circular bioeconomy (CBA) was signed by Burberry, Chloé, Stella McCartney, or Armani. As for Kering, it has developed a tool that measures its CO2 emissions, water consumption and land use throughout the supply chain.