PRESS RELEASE
Paris, 17 November 2022
BOGART (Euronext Paris – Compartment B – FR0012872141 – JBOG), which specialises within the creation, manufacture and sale of luxurious fragrances and cosmetics, experiences turnover of €198.4 million for the primary 9 months of the monetary yr, a powerful improve of twenty-two.7%. The Bogart Fragrances & Cosmetics division continued to put up robust momentum in Q3 2022 exercise whereas the Bogart Beauty Retail division benefitted from the extension of its scope of consolidation and a beneficial forex impact.
Revenues in €m (unaudited)
2021
2022
Change
Q3 turnover
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 revenues
2.5
2.8
+12.0%
Total Q3 revenues
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 9-month revenues
8.8
9.1
+3.4%
Total 9-month revenues
170.5
207.5
+21.7%
9-month exercise
At the top of the primary 9 months of the 2022 monetary yr, the Bogart Fragrances & Cosmetics enterprise achieved turnover of €37.1 million at end-September 2022 from €27.5 million a yr earlier, representing a strong improve of 34.9% (up 30.9% at fixed alternate charges). Activity was nonetheless buoyant within the third quarter for Western Europe, North America and the Middle East whereas Russia and Eastern Europe remained very sluggish in view of the present state of affairs. The Stendhal model’s new “Recette merveilleuse” cosmetics merchandise had been very profitable whereas new fragrances from the Group’s flagship manufacturers (BOGART and Carven, particularly) are at the moment within the launch part and can subsequently contribute to This fall turnover.
The Bogart Beauty Retail enterprise posted 9-month turnover of €161.3 million versus €134.2 million for a similar interval in 2021, up 20.2%. The division benefitted from the extension of its scope with the consolidation of Nocibé and Fann (Slovakia) shops[1] and a beneficial forex impact. At fixed consolidation scope and alternate charges, progress was nearly steady at -0.6%. Bogart Beauty Retail reported a decline on an natural foundation for Q3 2022 (down 6%) within the present inflationary context.
At the top of the primary 9 months of 2022, BOGART turnover amounted to €198.4 million in comparison with €161.7 million on 30 September 2021, a powerful improve of twenty-two.7% (up 5.7% at fixed consolidation scope and alternate charges).
Strong This fall 2022 momentum for product launches in each companies
BOGART is at the moment launching new fragrances for its key manufacturers: Carven (girls’s perfume), Jacques Bogart (males’s perfume) and Ted Lapidus (girls’s perfume) which can all contribute to progress for the Bogart Fragrances & Cosmetics division in This fall 2022.
In mild of the present context, BOGART stays cautious concerning the continued enterprise contraction in its retailer community, even if This fall historically generates greater revenues and profitability for Bogart Beauty Retail given the year-end vacation season and new launches underway for its flagship manufacturers.
Through its April community in France, Belgium and Luxembourg, the Company has simply launched its first pure haircare model – “Cousin.e.s” following a partnership signed with French singer-songwriter, Slimane[2]. At a later date, these merchandise shall be launched by selective perfume shops in Dubai and different European markets. Lastly, the April model will even proceed to roll out its 500 make-up references by means of its retailer community in Israel and Slovakia.
BOGART is taking note of the present inflationary context weighing on prices (greater uncooked materials and power costs) however confirms its monetary targets for a rise in full-year turnover and EBITDA for the 2022 monetary yr.
Next publication
BOGART will publish its fourth-quarter turnover on 2 February 2023(after market)
Group web site www.groupe-bogart.com
CONTACTS
BOGART
[email protected]
Tel.: +33 (0)1 53 77 55 55
ACTUS FINANCE & COMMUNICATION
Investor Relations
Anne-Pauline Petureaux
[email protected]
Tel.: +33 (0)1 53 67 36 72
Media Relations
Manon [email protected]
Tel.: +33 (0)1 53 67 36 73
[1] 38 Nocibé shops since October 2021 and 70 perfume boutiques from the Fann chain in Slovakia since January 2022
[2] Through Slimane’s firm, Odyssée Cosmetics – See press launch of twenty-two September 2022
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