The consolidated revenue dynamics of the Dr. Miele Cosmed Group Capital Group reached 5% year-on-year in the first half of 2025. However, operating costs grew faster than revenues, resulting in a decline in profits.
For over two years (9 quarters), the Dr. Miele Cosmed Group Capital Group had been recording continuous profit growth. This was driven by increasing sales revenues from its own brands of cosmetics and household chemicals (Kret, Bobini, Sofin, Apart) as well as products manufactured under retail chain brands. In the past six months, the Group’s revenues increased by 5% year-on-year. However, this growth fell short of expectations. Consolidated EBITDA amounted to PLN 24.6 million in H1 2025, compared to PLN 29.6 million in the same period of the previous year.
“At the beginning of this year, we planned further dynamic development across all markets, but the business environment has been and remains very challenging. Consumer caution was particularly noticeable in Poland. We did not achieve our intended sales targets, but we continue to invest in many areas. Our employees are our core asset. That’s why we invest in them—through competitive compensation and training—because we know it will bring long-term benefits. We take the same approach to modernizing our factories. In the last half-year, the value of fixed assets increased by PLN 12.3 million. In line with our strategy, we allocate resources to enhance production efficiency, including through packaging robotization and replacing equipment with modern and more efficient solutions. For months, we have been taking steps to reduce logistics costs and build energy resilience in our facilities,” commented Magdalena Miele, President of Dr. Miele Cosmed Group S.A.
Higher revenues from product sales in foreign markets are offsetting lower-than-expected revenues in the Polish market. The share of foreign sales in total revenues is steadily increasing and has already reached 61% (compared to 58% in H1 2024). The strengthened export team and the company’s high activity in promoting its products in new markets support positive forecasts.
“Strong brands recognized with industry awards, investments in advertising, an excellent team, and growing sales in foreign markets are our greatest strengths. Despite a certain downturn in the Polish sales market, they guarantee the company’s stability and offer prospects for further growth,” added Magdalena Miele.