Laboratorios Suavinex, Alicante-based manufacturer of cosmetics and childcare products, Last year, it increased its sales by 5% to 22 million Euros. This was the year the company changed hands as French multinational Peek A Boo bought a majority stake.
Good results for Suavinex. According to accounts deposited in the Trade Register, the company achieved a turnover of 21.9 million euros in 2022, compared to 20.8 million euros recorded the previous year.
On the other hand, operating results amounted to 245,155 euros.While they presented a negative balance of 165,562 with a similar dynamic to pre-tax results a year ago, they reached 397,637 euros this time, compared to just 27,865 euros in 2021.
In its management report, Laboratorios Suavinex emphasizes: increased activity as a result of the increase in demand labor of both the company and the group to which it belongs. The company’s business plans also include growth scenarios for revenue and profits for the coming years.
However, in the management report warns of the complications of the difficult international context. Thus, the company reminds the impact of the epidemic on the economy, which is aggravated by the uncertainty caused by the war between Ukraine and Russia.
Taking into account the complexity and instability of the markets, as well as inflationary tensions, the report underlines that the implications of this for the company’s 2023 operations are uncertain and will depend on: impact on raw material and material pricesConsidering that all sectors of the world economy are directly or indirectly affected, as well as the response and adaptation capacity of all economic actors.
However, based on last year’s experience and the company’s operating and business model, the firm manager does not expect situations to arise that could have a material impact on operations, liquidity, and the valuation of assets and liabilities..
The accounts presented are the first to be submitted to the Business Registry with the new owner. The acquisition of a majority stake in Suavinex was formalized in October 2022 by French multinational Peek A Boo, owned by British fund Bluegem.
During the operation, the following statements were made: Suavinex would continue to operate as an independent brand within the Peek A Boo group.It also includes Béaba, a leader in its segment in France, specializing in premium baby care and personal care products, and Belgium-based Childhome brands, which also have significant experience in the childcare sector.