Global Cosmed had PLN 11.6 million in net profit, and PLN 25.7 million in EBITDA in 2021

Global Cosmed recorded PLN 11.6 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 28.63 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 15.05 million compared to PLN 31.94 million profit a year earlier. The EBITDA result was respectively: PLN 25.7 million compared to PLN 42.87 million a year earlier.

Consolidated sales revenues reached PLN 351.87 million in 2021 compared to PLN 364.81 million a year earlier.

The group's Capex amounted to PLN 18.8 million in 2021.

"Historically high investments carried out by Global Cosmed S.A. in 2021 (70% higher than in 2020) is an expression of the company's strategic and long-term approach to the development of the capital group. Raging inflation, rising energy costs or increasing market requirements related to environmental issues even force investments in more cost-effective and energy-efficient machinery. In line with the business strategy (and the sustainable development strategy included in it), the company is looking for its competitive advantages in automation, the highest quality production and product standards, the development of its own brands and cost savings, among others. from the circular economy model, ”reads the results release.

The Global Cosmed capital group associates companies producing and distributing cosmetic products and household chemicals. It focuses on the development of its strategic brands, ie Kret, Sofin, Apart Natural and Bobini. The company has been listed on the WSE since 2013.

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