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The French group, which owns nine perfume and cosmetics brands, is reporting strong revenue growth in the first half of 2022.
At the end of the first half of 2022, Bogart reported consolidated revenues of 131 million euros, up sharply by +28.7% compared to the first half of 2021, driven by a very good level of activity in the second quarter in both divisions of the Group. In the first half, growth was already +12%.
Despite the pandemic that has affected many sectors, the Group has managed to hold its own, and even exceeded the activity levels of the first half of 2019. This shows the attractiveness and visibility of its products.
This increase in sales is partly linked to the group’s acquisition policy with the integration of the 38 Nocibé stores and the 70 Fann perfumeries in Slovakia. Bogart now has 475 stores in 7 countries.
EBITDA came to 14.1 million euros, compared with 13.8 million in the first half of 2021, an increase of +2.2%. An increase in EBITDA is also expected for the full year 2022.
35 million in the first half of the year, compared with 25.5 million in the first half of 2021. 25.5 million in the first half of 2021, an increase of +38.7%, due to the expansion of the scope of consolidation and the automatic indexation of salaries.
The company also repaid more than 21 million euros in loans during the period. It should also be noted that it distributed a dividend of 0.23% per share on July 7, for a total amount of 3.6 million euros.
Bogart remains cautious
The momentum should be maintained in the second half of the year, supported by numerous launches in the Bogart Fragrances & Cosmetics division, i.e. at the cosmetics company Stendhal and at Parfums Carven, Jacques Bogart and Ted Lapidus.
The group specializing in perfumes and cosmetics remains very attentive to the difficulties that could penalize its activity in the second half of the year. It is closely monitoring the increase in raw material and energy prices as well as the risk of a contraction in consumption. Tensions with component suppliers are also complicating inventory management.
So far, however, the Bogart Group has been able to cope with the health crisis, while remaining attentive to the rigorous management of its cash flow.
It will publish its third quarter sales in November.
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The French group, which owns nine perfume and cosmetics brands, is reporting strong revenue growth in the first half of 2022.
At the end of the first half of 2022, Bogart reported consolidated revenues of 131 million euros, up sharply by +28.7% compared to the first half of 2021, driven by a very good level of activity in the second quarter in both divisions of the Group. In the first half, growth was already +12%.
Despite the pandemic that has affected many sectors, the Group has managed to hold its own, and even exceeded the activity levels of the first half of 2019. This shows the attractiveness and visibility of its products.
This increase in sales is partly linked to the group’s acquisition policy with the integration of the 38 Nocibé stores and the 70 Fann perfumeries in Slovakia. Bogart now has 475 stores in 7 countries.
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The French group, which owns nine perfume and cosmetics brands, is reporting strong revenue growth in the first half of 2022.
At the end of the first half of 2022, Bogart reported consolidated revenues of 131 million euros, up sharply by +28.7% compared to the first half of 2021, driven by a very good level of activity in the second quarter in both divisions of the Group. In the first half, growth was already +12%.
Despite the pandemic that has affected many sectors, the Group has managed to hold its own, and even exceeded the activity levels of the first half of 2019. This shows the attractiveness and visibility of its products.
This increase in sales is partly linked to the group’s acquisition policy with the integration of the 38 Nocibé stores and the 70 Fann perfumeries in Slovakia. Bogart now has 475 stores in 7 countries.
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