Coty posts 25% higher cosmetics sales in Q1

Coty Romania, one of the main players on the Romanian cosmetics market, posted turnover worth some $4 million (€2.58 mln), over 25 percent higher year-on-year.

The sale of the Adidas brand rose by over 35 percent, while the sales of the Kylie Minogue perfume exceeded $500,000 (€300,000) in Romania, according to Viorel Ognean, General Manager of Coty Cosmetics in Romania.

The company official estimates that turnover in 2008 will be 15-20 percent higher year-on-year, worth some $18 mln (€11.63 mln). The Coty Romania porfolio includes the Adidas, Rimmel, Astor, Celine Dion, Beckham, Esprit, Kylie Minogue, Kate Moss, Pierre Cardin and Pret a Porter brands.

According to Ognean, Coty is Romanian perfume market leader, ranking first for women’s perfumes and second for those for men.