Breaking News

Wella Reports Downturn In Earnings, Taxes and Sales

November 15, 2005

The Wella Group, Germany, coconfirmed preliminary figures released in January with a 2.4% downturn in earnings before interest and taxes and a 2.3% decline in sales for 2003.
However, Wella executives noted that on a currency-adjusted basis, EBIT rose 1.5% on sales that gained 4.3%. EBIT reached $381.7 million, for an EBIT margin of 9.4% compared to 9.5% in 2002, according to the company. Dollar figures were calculated from the euro at current exchange rates. Sales reached $4 billion. Professional sales decreased 3.4% to $1.8 billion, while consumer sales were down 9.2% to $1.1 billion. Cosmetics and fragrance sales increased 9% to $1 billion. According to a statement, “2004 will be a year of great changes” that will help Wella buck the downward trend.
  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Take The Hint

    Take The Hint

    Christine Esposito, Associate Editor||March 13, 2017
    Water brand forays into sun protection by capitalizing on scent and experience.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?