AS MADARA Cosmetics Plans to Continue Rapid Growth
in the Next 2 Years

Inside information, 2018-12-11 08:00 CET (GLOBE NEWSWIRE)

Toward the end of 2018, the management of the company confirms that the proposed turnover goal of EUR 10m will be achieved. Depending on the December sales results, the target may deviate within 5% bound.

Considering this year’s target fulfilment, the management of the company announces the turnover target for the next two years. By recognizing the positive market conditions of the natural cosmetics industry and accounting for the company's future development activities, the management of AS MADARA Cosmetics plans to continue a rapid growth in 2019 and 2020, reaching a turnover of EUR 15 million in 2020.

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The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.

The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.