Inside information, 2018-04-16 09:00 CEST (GLOBE NEWSWIRE) -- After almost 5 years of research, AS MADARA Cosmetics has created and launched 4 unique COSMOS / ECOCERT certified natural sun-protection products for face and body. These products represent a new category for MADARA brand, which is widely sought after in the market for skin care products, but from the development point of view, is one of the most complex in the natural segment. The total turnover of all 4 products in 2018 is planned to be around 500 000 EUR. Please see the attached press release (in English) for more information about the products.
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.
MADARA Cosmetics, founded in 2006, is the local pioneer in the field of natural cosmetics. In 2016 and 2017 the company and its managers were ranked among the top-10 Most Admired Business Leaders in Latvia. MADARA develops and manufactures all products exclusively at its own laboratories and facilities to ensure 100% control over processes. Further evidence of its passion for quality and perfection in every detail are the company’s ECOCERT organic certification, GMP (ISO 22716:2007) standard, and in vitro and in vivo research. For more information, visit madaracosmetics.lv/investors/.
Additional information
Uldis Iltners
Managing director
MADARA Cosmetics AS
P +371 66154812
uldis@madaracosmetics.com
www.madaracosmetics.com
