Maesa builds on 2009 acquisitions

Published: 22-Nov-2010

Double-digit growth expected by 2011

Maesa, which produces made-to-measure beauty care products for major brand distributors, has reported growing demand from the large groups for cosmetics and expects to pass its 2010 sales target of €70m enabling it to improve organic growth and reduce debt. Maesa president, Julien Saada said from 2011 growth was expected to be in double-digits.

The group made several acquisitions in 2009 with the help of credits and expects its current strong growth will accelerate debt reduction, set to fall from €22.4m in mid-2010 to €22.5m at the end of this year, reaching a level below €20m by mid-2011. Full repayment is scheduled for 2015.

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