Dr. Scheller announces strong sales growth
announced a 9.3 per cent jump in sales for the third quarter,
although increases in profits are pegged back by account changes
and valuation adjustments.
Sales for the nine month period rose from €58.2 million for the period January to September 2004, to reach €63.6 million in 2005.
Gross profits for the nine month period rose from €33.7 million in 2004 to €36.3 million in 2005, while the company said that they rose 6 per cent for the third quarter.
EBITDA for the nine month period rose from €1.84 million in 2004 to reach €4.27 million so far this year.
Considering the changes in accounting structure and valuation charges the company has altered predictions made at the start of the year of a small rise in net profits for 2005, to a prediction that it should only break even once the full year results are in.
The company, which specialises in cosmetics, skin care and dental care sectors and is based in Eislingen, Germany, last year had a full year turnover of €79.6 million, as it edged its way out of a difficult period that culminated in a loss of €2.5 million in 2003.
After this the company initiated a significicant cost reduction programme in the spring of 2004, which bought about a turn around by the end of the year. The company also set about introducing a number of new products to the market and increasing distribution channels.
Further more, the buy-out by the Kalina group at the start of this year is also expected to generate further growth, as the company increases its sales opportunities in the rapidly expanding Russian retail market.
Kalina is the largest supplier in the Russian market for the skin care, oral care and hair care categories and has a distribution network that touches on 23,000 outlets throughout the country.
During the course of the year Dr. Scheller has concentrated on the expansion of its Manhattan brand, making additions to both its colour cosmetic range and its sink care ranges for both men and women.
