Consumer & Industrial review
Robust performance in Industry and growth in Beauty
In our Consumer & Industrial business area, we provide our customers with high-quality products and services specifically tailored to our customers’ needs. In the Industry market segment we design, develop and market a broad range of products such as dispensers, cartridges and mixers for two-component adhesives and sealants for use in construction, transportation, electronics, infrastructure and general industrial sectors, as well as in the Do-It-Yourself market. Micro-brushes and applicators for eyes, eyelashes, lips and facial make-up are the most important products of our Beauty market segment. They are sold to a broad customer base that ranges from regional to global brands and includes the most iconic names in the beauty industry.
Key figures Consumer & Industrial
January 1 - June 30
|
millions of CHF |
|
2024 |
|
% of C&I revenue |
|
+/–% change |
|
+/–% organic 2) |
|
2023 |
|
% of C&I revenue |
|
Revenue Industry |
|
65.4 |
|
41.3% |
|
–9.9% |
|
–8.5% |
|
72.7 |
|
45.7% |
|
Revenue Beauty |
|
92.8 |
|
58.7% |
|
7.6% |
|
–4.4% |
|
86.3 |
|
54.3% |
|
Total revenue Consumer & Industrial (C&I) 1) |
|
158.3 |
|
100.0% |
|
–0.4% |
|
–6.3% |
|
158.9 |
|
100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business area cost of goods sold |
|
–103.4 |
|
–65.4% |
|
0.9% |
|
|
|
–104.4 |
|
–65.7% |
|
Business area gross profit |
|
54.8 |
|
34.6% |
|
0.6% |
|
|
|
54.5 |
|
34.3% |
1) Revenue from external customers.
2) Adjusted for acquisition and currency effects.
Revenue by market segment
H1 2024
Revenue by market segment
H1 2023
Sequential growth in Industry market segment
Revenue in our Industry market segment was CHF 65.4 million in the first half of 2024, a decrease of -8.5% organically year-on-year primarily due to the release of Poland inventory in the first half of 2023. Compared to the second half of 2023, the Industry market segment delivered robust organic growth of +12.3% with our new production facility in Valencia now producing the entire range of fully validated products.
Stable growth in Beauty market segment
Our Beauty segment delivered revenue of CHF 92.8 million, a year-on-year growth of 7.6%. This was driven primarily by the Qiaoyi acquisition with a positive impact of +15.4% partially offset by negative foreign exchange rates (-3.4%). The decline in organic revenue of -4.4% was driven primarily by strong launch activity in the first half of 2023 which instead will be more concentrated in the second half of the year in 2024.
Pioneering sustainable innovation
In the first half of 2024, medmix proudly launched the industry’s first post-consumer recycled polypropylene (PCR PP) material for safe primary packaging in cosmetics, marking a groundbreaking innovation in sustainable cosmetics packaging. This new material revolutionizes the market by providing unprecedented color brilliance and maintaining visual effects while reducing CO2 emissions by 75% compared to virgin materials. Its ability to meet the highest standards opens new horizons for packaging products such as water-based mascaras. Previously, the strict quality and suitability requirements for components in contact with cosmetics, such as thread parts and bottles, precluded the use of PCR PPs. Now, for the first time, packaging can be made entirely from recycled material.
The medmix Beauty market segment site in Bechhofen has been awarded the EcoVadis PLATINUM medal for the fourth consecutive year. Additionally, GEKA received B ratings from the CDP for its efforts to address climate change and water security. These accolades confirm GEKA as a sustainability leader in the cosmetics sector and represent important steps in our environmental, social, and governance strategy.