Art & Fragrance announces increase in profits for financial year 2012
April 11, 2013
Zollikerberg near Zurich, 11 April 2013 - Art & Fragrance SA (BX:ARTN), which is active in the creation, development, marketing and worldwide distribution of luxury goods, increased its net Group profit by 17% to CHF 9.7 million in 2012. Both the perfumes and the cosmetics business as well as the crystal and jewellery segment posted a solid performance in 2012. The integration of filling and logistics company CPS, which was acquired in January 2013, is proceeding well. Art & Fragrance is very well positioned as a Group and optimistic about the future. However, due to the continuing uncertain economic environment, the Group remains cautious regarding its business performance in the short term.