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"Looking back a year later MADARA Cosmetics By entering the stock market, we can conclude that the decision was very good, both for the company and for the investors who decided to invest. The company continues its rapid growth last year, and investors who bought shares in the initial public offering generated a return of approximately 24% * over the year, which is a recognized indicator. The situation in the main markets of the company in the natural cosmetics sector remains very positive, which consequently creates favorable conditions for the further development of the company. It is also planned in the coming years, "says AS MADARA Cosmetics Member of the Uldis Iltners Council.
Since the launch of the company, the launch of new products has been a great success. For example, the range of sunscreen products is presented as one of the most successful new products of recent years. The search for new sales channels is underway – new sales channels in the United Kingdom, Finland, Norway, Albania, Hungary and Canada have been won this year.
Modernizing the e-commerce system and implementing IT projects aims to automate the company's operations, accelerate data processing and badysis, and increase the efficiency of its operations. A total of € 216,000 was invested in the development of e-commerce systems and IT projects.
The company continues to invest in the modernization of production. At the end of the year MADARA Cosmetics The Marupe plant is expected to supply and install two production sites for the automation of cosmetic filling: an automated filling and trimming production line for cosmetics, as well as cosmetics for high-performance tube machines. The total investment in the two new equipment is about 500,000 euros.
"We are aware that the stock market has been an additional driver and an additional motivation to continue the development of the company with even broader and faster measures. There is no doubt that it was the right choice for which society has won a lot. Financial resources were used. MADARA Cosmetics while the status of the stock exchange itself has already proven itself as an important point of support for reputation. For example, direct participation in the exchange has convinced the most serious customers we talked about cooperation. The exchange confirms that MADARA Cosmetics there are high standards in corporate governance – we are transparent, trustworthy and trustworthy, "said U. Iltner.
"Transparency is one of the core values of our society, so participation in the stock exchange was a logical and consecutive step, and we wanted to leave our customers and the people who were interested in our story. MADARA Cosmetics as a shareholder, be part of Madar's story. During the public offer, we received more than 700 requests from private investors, many of whom were the first to invest. They invested MADARA Cosmeticsbecause they seemed cool and wanted to be part of society, "said U. Iltner.
The stock price of the company under a public offer amounted to EUR 6.25. Request MADARA Cosmetics Shares in the public offering were multiplied by 2.3 compared to the number of shares offered. A total of 1,228,037 shares were requested, but 530,442 shares were sold. Of this number, more than 700 requests were received from private investors.
In 2018, dividends to shareholders of the company were paid at 0.09 EUR per share, and a total of 25% of the 2017 profit was distributed to the shareholders. The management of the company plans to continue AS MADARA Cosmetics Shareholders will be able to distribute up to 25% of the company's profits. In December 2017, the company launched the Special Equity Privilege Program, which brings together 348 registered shareholders who are actively benefiting from its benefits.
Ltd. MADARA Cosmetics Founded in 2006, it has become one of the leading cosmetics manufacturers in Northern Europe. The cosmetics brand of the company MÁDARA is a pioneer in the field of natural cosmetics in Latvia. In 2016 and 2017, the company ranks among the top 10 Latvian companies in the company's reputation. In early 2017, the SIA company became AS. Since November 2017, the company's shares are listed on the stock market. Nasdaq Baltic alternative market First north in the list. This year has received a prize European Sampling Society SME Star Awards 2018 Award organized by the European Parliament in Brussels for small and medium-sized enterprises.
* The calculation of the return has been made for the period 10.11.2017. Until 15.11.2018, dividends included.
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