Romania is Sarantis’ third-largest market by sales, after Greece and Poland. Romanian operations made up 14.56% of the group’s turnover in 2012, from 16.01% the previous year.
Sarantis Romania reported in 2012 the largest decrease of revenues among the group.
In 2012, Sarantis posted revenues decrease in the Czech Republic, down 1.52% and Macedonia, 1.48% lower, as well as increases in Greece, up 13.99%, Poland, up 3.52%, Bulgaria, up 4.8%, Hungary, 1.65% higher, and Serbia, up 10.3%.
The group’s revenues increased by 6.64% in 2012, to EUR236 million, while EBIT was 10.09% higher, at EUR17.36 million.
Sarantis started operations in Romania in 1996, when it bought Romsar Cosmetics (later Sarantis Romania). The company’s product portfolio includes cosmetics, fragrances, homecare and car products, pet food and food supplements.
In 2007, the Greek group paid EUR6.5 million for the local cosmetics producer Elmiplant.