LR International Holding GmbH, the social promoting guardian firm for direct promoting group LR Well being & Magnificence, reported a 4% year-over-year enhance in group gross sales in fiscal 2021, bringing whole group gross sales to EUR 296.2 million. Fourth quarter gross sales reached EUR 75.5 million, a near-record consequence for the corporate.  

EBITDA for 2021 was up over the earlier 12 months to EUR 41.6 million and the corporate met its fiscal 2021 steering. 

“We efficiently continued our constructive enterprise improvement in 2021 and achieved new document gross sales regardless of the difficult market situations,” stated Dr. Andreas Laabs, CFO and COO of LR International Holding GmbH. “Due to the early restocking of our inventories, we have been in a position to meet the demand for our merchandise within the last quarter as common. Christmas enterprise was excellent total and in addition raised greater than EUR 105,000 for the LR International Youngsters Fund as a part of our charity dedication. Nonetheless, firstly of 2022, we see a continued tense state of affairs on the worldwide procurement market and the development of rising prices for uncooked supplies and vitality. In the midst of strict value and useful resource administration, we are going to focus our consideration on maneuvering the LR Group via these tough waters in the absolute best approach.” 

LR Group started its efforts to faucet into the Asian market in 2021 with a launch in South Korea, and in addition expanded its product classes with new perfume blends and a brand new health model. 

“Within the 12 months underneath evaluation, we made additional progress in creating the constructions for the long run development of the LR Group and strengthening our capital market functionality,” stated Dr. Laabs. “On the one hand, LR Well being & Magnificence SE was established as the brand new guardian firm of the LR Group. Secondly, the shareholder transferred the shareholder loans as a contribution to the free capital reserve of LR International Holding GmbH in November. Because of this reclassification, the fairness capitalization has improved considerably as of the reporting date.”