Lumene Group Achieved EUR 102 Million in Net Sales for 2024
Lumene Group reported net sales of EUR 102 million and an EBITDA of 10% for 2024. The company expanded its international presence and focused on sustainability initiatives.
Helsinki – Lumene Group announced a record net sales of EUR 102 million and an EBITDA of 10% for the fiscal year 2024. The results indicate strong and sustainable growth and profitability for the cosmetics company.
The group focused on expanding its international presence and sales channels in 2024, achieving 10% international growth, with foreign markets accounting for 51% of net sales. Lumene expanded in Europe, launching products with retailers such as Boots, Müller, Flaconi, and Hebe in the UK, Germany, Austria, and Poland.
Domestically in Finland, Lumene Group saw 7% growth and introduced new product categories, including LUMENE hair care, which became popular in over a thousand stores. The company also announced a EUR 10 million investment to modernize its production facilities in Espoo, Finland.
Regarding sustainability, Lumene and CUTRIN achieved B Corp™ certification, making them the first Finnish beauty brands to earn this recognition. The company's material circularity rate increased to 62%. Lumene Group continues its focus on sustainability, aiming to be the leading Nordic beauty company in circular economy practices.