Breaking News

Airspray Reports Accelerated Sales in 2005 First Half

October 21, 2005

Airspray International realized strong growth during the first half of 2005. Total volume increased 41%, resulting in sales revenue growing 25% to $21.1 million. Gross margin declined from 37% during full year 2004 to 35% in the first half of 2005 due to raw material cost increases, exchange rates differences, volume discounts and, in particular, product mix effects.
Volume was buoyant in existing segments such as hand soap and reflected the new entry into the household segment. North America accounted for 58% of the turnover, Europe 37% and other 5%. Operational expenses increased 11%, which was lower than the sales growth. The company estimates a 20% increase in revenues and profits for 2005.
Airspray is expanding its operations to include the molding of parts. In Florida, it’s increasing the size of operations to 24,000 square feet, a 50% increase, and adding 16 staff. The expansion starts in January.

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level