Laboratorium Kosmetyczne Dr Irena Eris with headquarters in Piaseczno near Warsaw will spend PLN 2-3m to add 5,000 square meters to its storage and PLN 30m to add 10,000 square meters to its plant. Construction works will probably start next year and last two years. The project will be financed from credits and the company’s own funds. Today, 20m cosmetics are produced annually in the plant.
“We need bigger capacity because output grows 20 percent annually”, Cezary Kolodziejczyk, the company’s CEO said.
The company has also two spas. It costs PLN 50m to launch such a hotel. Two more spas will be launched in the future. The hotels generate 20 percent of annual sales. 17 percent are generated by cosmetics sold in the company’s institutes and 63 percent – cosmetics sold in pharmacies. Dr Irena Eris plans to increase sales from PLN 150m to PLN 175m this year. The net income is supposed to grow from PLN 10m to PLN 15m.
At the beginning of September, the company bought JB Cosmetics Comindex Group.
“The acquisition is a chance for us to launch operations in a completely new market which is complementary to ours”, dr Irena Eris said.
No further acquisitions are planned.
(PLN 1 = EUR 0.265)