Eurofragance, the specialised fragrance design and creation company,increased its turnover in 2016 by 9%, from €63.1 million in 2015 to €68.8 million in 2016.Eurofragance achieved these results through significant growth in its areas of expansion. The company boosted sales in the Asia Pacific and in America, geographical areas where it is making heavy investments. The Catalan firm has just opened a new factory in Singapore and it has ramped upproduction capacity at the plant in Mexico. To enable this expansion and market consolidation, Eurofragance has made large-scale investments with a total CAPEX amounting to €3.5 million.
Regarding the categories where Eurofragance works, Household did particularly well, growing by 56% in 2016. The company sees the Home Care segment as an opportunity for growth. In the meantime, theFine Fragrances segment, the company’s core business, is continuing to give good results, with animprovement of 15%.
R&D continues to have an essential role in the development of Eurofragance. That is why the firm has been working on new formats and products that offer higher added value to customers, a strategy the company intends to maintain. In this regard, Eurofragance has increased the workforce by 14.4% to 254 employees, recruiting qualified staff for its four Creative Centres and its three production plants.
Eurofragance, “Capturing sensations” since 1990
Eurofragance is an international, family-owned company dedicated to the design and production of fragrances for perfumery, personal and home care products. It was created in 1990 with the slogan “Capturing sensations”. It creates unique fragrances in which it invests its creativity, passion and know-how so as to give its customers’ products an added value.
Eurofragance has local presence in more than 60 countries and sells its products on five continents. There are affiliates in Turkey, Mexico, Dubai and Singapore. The company has a manufacturing plant and its headquarters in Barcelona and a plant in Mexico D.F. and Singapore, as well as exclusive distribution in the Philippines. The company turned over €68.8 million in 2016 and it now has 254 employees.
Eurofragance is a socially responsible company. It is committed to education and offers scholarships to students at IQS (Chemistry Institute of Sarria) in Barcelona and collaborates with UPC Campus (Polytechnic University of Catalonia) in Terrassa in the Aromas and Fragrances Master, which it provides with material and teaching staff. It is part of the Patronage Council of Pascual Maragall Foundation, collaborating on research in Alzheimer’s. It participates in research on the effects of olfactory therapies applied to neurodegenerative diseases in childhood. It develops policies for the reconciliation of family and working life for its employees.