The company, whose brands include Farmec and Gerovital, ended 2019 with more than EUR55 million revenue and the first ten months of 2020 with 10% growth on the year-earlier period.
“We set a spending and revenue budget with a small increase in revenue, in line with the estimated 2021 inflation, and the main investments will go towards retooling,” says Mircea Turdan, general manager of Farmec Cluj-Napoca.
The company also operates on the cleaning products market with Nufar and Triumf brands, and also expanded on the sanitizer segment, a staple product during the pandemic.
“The year 2020 was full of challenges, during which our motto as a business was adaptability. We don’t expect the new year to be much better than 2021 for the cosmetics industry, I think cosmetics sales will not increase.”
(English version by Loredana Fratila-Cristescu)