PRESS RELEASE
Paris, November 17, 2022
BOGART (Euronext Paris – Compartment B – FR0012872141 – JBOG), specializing in the creation, manufacture and marketing of luxury perfumes and cosmetics, reports sales of €198.4 million at the end of the first nine months period, up sharply by +22.7%. The division
Bogart Fragrances and Cosmetics
continued to show good business momentum in 3
th
quarter of 2022 while the division
Bogart Beauty Retail
benefited from the expansion of its scope and a favorable exchange rate effect.
|
Revenues in M€ (unaudited) |
2021 |
2022 |
Variation |
|
Q3 revenue |
59.9 |
66.8 |
+11.5% |
|
Bogart Fragrances & Cosmetics |
10.7 |
12.0 |
+12.1% |
|
Bogart Beauty Retail |
49.2 |
54.8 |
+11.4% |
|
Other income |
2.5 |
2.8 |
+12.0% |
|
Total Q3 revenue |
62.4 |
69.6 |
+11.5% |
|
9 month turnover |
161.7 |
198.4 |
+22.7% |
|
Bogart Fragrances & Cosmetics |
27.5 |
37.1 |
+34.9% |
|
Bogart Beauty Retail |
134.2 |
161.3 |
+20.2% |
|
Other income 9 months |
8.8 |
9.1 |
+3.4% |
|
Total turnover 9 months |
170.5 |
207.5 |
+21.7% |
Activity 9 months
At the end of the nine months of the financial year, the activity
Bogart Fragrances & Cosmetics
generates revenue of €37.1 million as of September 30, 2022 compared to €27.5 million as of September 30, 2021, up sharply by +34.9% (+30.9% at constant exchange rates). Activity remained dynamic in 3
th
quarter in Western Europe, North America and the Middle East, while the Russia and Eastern Europe zones continue to be significantly slowed down given the current context. The new “Marvellous Recipe” cosmetic products from the Stendhal brand have been very well received, while the new fragrances of the Group’s flagship brands (Bogart and Carven in particular) are currently being launched and will therefore contribute to the turnover of the 4
th
trimester.
The activity
Bogart Beauty Retail
posted 9-month revenue of €161.3 million compared to €134.2 million, up +20.2% and benefited from the expansion of the scope with the integration of the Nocibé and Fann stores (Slovakia)
[1]
and a favorable currency effect. At constant scope and exchange rates, growth was virtually stable at -0.6%. The 3
th
quarter of 2022 was down on the organic scope (-6%) in the current inflationary context.
At the end of these nine months, BOGART’s sales amounted to €198.4 million compared to €161.7 million at September 30, 2021, up sharply by +22.7% (+5.7% at perimeter and constant exchange rates).
Good momentum of launches in 4
th
quarter on both activities
Bogart is currently launching its new fragrances on its key brands:
Carven
(feminine perfume),
Jacques Bogart
(male fragrance) and also
Ted Lapidus
(women’s fragrance) who will participate in the growth of the division
Bogart Fragrances and Cosmetics
at 4
th
quarter 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 4
th
quarter is usually a higher quarter in terms of revenue and profitability for the division
Bogart Beauty Retail
given the end-of-year celebrations and the new launches underway on its flagship brands.
The company has just launched in the April network in France, Belgium and Luxembourg its first range of natural hair products resulting from its partnership with Slimane
[2]
, French singer-songwriter and singer, called Cousin.es These products will later be launched in selective perfumeries in Dubai and other European markets. Finally, the brand
april
will also continue to roll out its 500 make-up references in its network of stores in Israel and Slovakia.
BOGART 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.
Next meeting
Bogart Group will publish its turnover for the 4
th
quarter on Thursday, February 2, 2023 (after market)
Group website www.groupe-bogart.com
CONTACTS
BOGART
Such. : 01 53 77 55 55
FINANCE AND COMMUNICATION NEWS
Investor Relations
Anne-Pauline PETUREAUX
Such. : 01 53 67 36 72
Press relations
Manon CLAIRET
[email protected]
Such. : 01 53 67 36 73
[1]
38 Nocibé stores since October 2021 and 70 perfumeries of the Fann chain in Slovakia since January 2022
[2]
via its company Odyssée Cosmetics – See press release of September 22, 2022
This post has the “? Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
yWhvYcmclmfJypyaY8qaZmFnaGaUmGXHmGGZyGpxl52Va21mlWthZp2WZnBol2ls
– To check this key:
https://www.security-master-key.com.
Regulated information:
Quarterly financial information:
– Third quarter financial information
Full and original press release in PDF format:
https://www.actusnews.com/news/77246-cp_bogart_cat32022_vdef.pdf
© Copyright Actusnews Wire
Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com