Farmec posts ten percent growth, exceeds 50 million Euro turnover in 2018

Farmec, the biggest Romanian cosmetics manufacturer concluded the year 2018 with a 236.5 million RON (50.8 million Euro) turnover, registering a ten percent increase compared to the financial results of 2017.

The business growth was supported by the sales from the network of brand shops, on the increase by 40.35 percent, and the sales from the online shop, which reported a 19.14 percent boost compared to the same period of the previous year.

“Following the growth pace of the last years, we aim to achieve a turnover increase of over 15 percent for 2019, through the consolidation and continuous development of existing brands, the launch of new products and the expansion of brand shops, which have now reached a number of 26. Also, an important step for the2019 plans is the franchise project on local and international level, which will begin in the first semester of this year”, said Mircea Turdean, Farmec General Manager.

On national level, Farmec has its own network of 26 brand shops. In 2018, 5 shops were opened in key points of Romania. Worldwide, Farmec products are sold in over 30 states, while across Europe Farmec has seven shops.