Germany's cosnova reports double digit growth

Published: 22-Jan-2010

German cosmetics company cosnova has announced double-digit sales growth for the 2009 business year, exceeding 2008’s results by 26% with net turnover of €90m.


German cosmetics company cosnova has announced double-digit sales growth for the 2009 business year, exceeding 2008’s results by 26% with net turnover of €90m.

Founded in 2001 the company says it has been experiencing solid annual growth with what it describes as “high quality products at absolutely favourable prices”. For 2010 it is predicting another year of annual growth.

“These objectives are realistic as we are not only furthering our development on the European market but are also concentrating on our expansion in the Middle East and Africa,” commented owners and mds Christina Oster-Daum and Javier González. “At the same time the cosnova GmbH is well prepared financially for the continuing difficult economic climate. We are completely debt-free and enjoy an ‘A’ rating, which allows us to look towards the years ahead with optimism.”

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