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12 Apr, 2010 10:18

Kalina posts FY 2009 net profit of 415 million roubles

Kalina posts FY 2009 net profit of 415 million roubles

Russian cosmetics and perfumery producer, Kalina, has posted a FY 2009 of 415 billion roubles under IFRS.

The bottom line was up 79.4% from a FY 2008 total of 231 million roubles with EBITDA increasing 17.4% year on year to 1.456 billion roubles as revenues increased 20.4% to 14.487 billion roubles.

In a press-release, the company said the year’s profit was due to the successful launch of new products as well as increasing its share in German cosmetics company Dr. Scheller

“During the year 2009 the Concern launched more than 420 novelties of branded products. In particular the Company launched new product lines under “Black Pearl” and “Dr. Scheller” brand-names. As a result the Company’s sales within the year 2009 increased by more than 20.0% compared to the year 2008. High share of branded products in the Company’s sales resulted in growth of the operating profit by 26.4% and consequently provided an opportunity for holding of the operating margin and even slight increase of the above mentioned indicator up to 8.5% during the year 2009. At the same time the Company’s gross margin decreased during the year 2009 to 45.4% compared to 49.4% in the year 2008.”