Miraculum aims to further increase the importance of exports in revenues

The prospects for Miraculum's export sales for the fourth quarter of 2022 and 2023 are promising and offer opportunities for a further increase in the importance of exports in total revenues, Marek Kamola, board member of the ISBnews interview, assesses. He added that the company focuses on the geographic and product diversification of exports in order to avoid large fluctuations in the future and dependence on selected markets or customers. In the near future, it plans the first deliveries to new customers, including in Saudi Arabia and the UAE, and intends to enter Western Europe.

“The prospects for the fourth quarter of 2022 and 2023 are promising in terms of total sales of the company and sales of the export department. Revenues from export activities after the third quarter exceeded the previous year's result (approx. PLN 8 million compared to PLN 7.5 million for the entire year 2021). The percentage share depends to the greatest extent on the sales dynamics in other channels, while the value of revenues should increase y / y. The goal is to systematically increase the importance of export sales, its geographic and product diversification in order to avoid large fluctuations in the future and dependence on selected markets or customers, ”said Kamola in an interview with ISBnews.

“In Saudi Arabia, we are completing a contract worth approximately PLN 430,000. USD, which we present in the monthly sales reports, and at the same time we informed investors about the conclusion of another contract worth almost 300 thousand. USD. In the following months, we also want to make the first deliveries to a new customer on this market. In Iraq, we plan to develop cooperation with our partner by introducing a dedicated, incl. for this market, a line of face care cosmetics and the sale of perfumeries, ”said Kamola.

Sales revenues in the first half of 202, they amounted to PLN 20.93 million compared with PLN 12.98 million a year earlier. Export of the Miraculum company in the first half of this year. increased by 58% y / y.

Miraculum's activities are focused on the development and sale of skin care products, epilation, as well as perfumery and make-up cosmetics. In 2007, the company made its debut on the Warsaw Stock Exchange.

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