Turnover of cosmetics producer Stenders up 29.9% in 2021
Published date | 19 May 2022 |
Publication title | LETA |
RIGA, May 19 (LETA) - Cosmetics producer Stenders last year generated EUR 12.652 million in turnover, up 29.9 percent from 2020, while the company's profit was EUR 2.303 million, growing 53.4 percent, according to Firmas.lv.
The company sad that despite Covid-19 impact, profit increased thanks to good sales of Stenders products in China's market, entrance in new markets and 80 percent increase in e-commerce.
revised cooperation agreement with Douglas retailer helped to expand availability of Stenders' products in the Polish, Dutch and Romanian markets.
The company will continue investments...
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