The cosmetics company Nirvel reported a notable 20% increase in turnover, a rise underpinned by its solid financial solvency. This growth is documented in the annual accounts for the 2021 financial year, which show a 9.9 million euro turnover for the Alcoy-based operation. Operating results also advanced, totaling 621,485 euros compared with the prior year’s figures.
Nirvel specializes in manufacturing hair care products as well as face and body cosmetics and has demonstrated resilience through the challenging period marked by the global pandemic. The recently published income statement confirms that last year’s sales reached 9.9 million euros, up from 8.3 million in 2020, a year when the company maintained sales despite the health crisis. Operating performance improved more modestly, with an increase of 15,800 euros over the previous period.
According to the accompanying report, Nirvel completed 2021 from a position of financial guarantees and sound solvency. The company reported positive equity, healthy working capital, and recurring profits, allowing for a new capital contribution close to one million euros. This infusion did not endanger the continuity of the business and is aligned with prudent financial management.
Looking ahead to the current fiscal year, the report notes the broader macroeconomic context, including the war in Ukraine, which has driven higher prices for several raw materials and energy. Sanctions, embargoes, and trade restrictions on Russia contribute to global economic uncertainty. Nevertheless, company leadership expects no breach of contractual obligations and no adverse impact on accounting principles or the ability to meet obligations.
During the pandemic, Nirvel undertook a strategic transformation in response to changing market needs. The company pivoted to produce hydroalcoholic gels and lotions to address gaps in the market and to support public health initiatives, including supplying the Generalitat. Nirvel also holds a strong position in the national market for professional cosmetics and maintains a broad international footprint, exporting to more than 40 countries. This geographic reach reinforces its status as a diversified cosmetics group with both domestic strength and a growing global presence.