Breaking News

Wella’s Sales Decline

November 14, 2005

Wella AG said second quarter 2003 sales fell from E847.7 million to E814.2 million. The three business divisions made the following contributions to sales: professional 47.6%, consumer 30.9% and cosmetics and fragrances 21.5%.
Executives said exchange rate developments of the U.S. dollar, the Japanese yen and Latin American currencies also put a strain on business from April to June. However, except in some Asian countries, the war in Iraq and the SARS epidemic had no significant influence on the group’s performance. The decline of tourism was only felt in the travel retail segment and in the duty free business of the cosmetics and fragrances division.
Sales in the professional division, increased 6.1% in the second quarter. After exchange rate adjustments, the consumer division raised its sales by 3.3% and the cosmetics and fragrances division by 8.5%. The acquisitions of Tony & Tina in June 2002 and Atkinsons in August 2002 contributed 7.4 million euros to sales in the second quarter of 2003.
Wella assumes that the global consumption climate will also remain weak over the coming months. However, “We are confident that 2003 can become a good business year,” said Heiner Guertler, chief executive officer of Wella AG. l
  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017