In the first 9 months of 2023, the consolidated (unaudited) turnover of the MADARA Cosmetics group amounted to 14.6 million. euros, which is 2.9% higher than the corresponding period of the previous year. In the third quarter of this year, the concern worked with 4.3 million. euro consolidated (unaudited) turnover, which is 9% more than in the corresponding period last year.
Although the company’s financial results for the first half of 2023 in several focus markets illustrated healthy growth compared to the industry average and the company’s results for the corresponding period of 2022, the impact on the company’s overall financial results forecast for 2023 is the effects of the sales decline experienced at the beginning of the year in the Finnish market (distributor linked) as well as current macroeconomic trends in Europe.
2023-10-27 20:10:46
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