LR Health & Beauty reported a 7.2% increase in sales in Q3 2024. Total revenue in the quarter reached $73.32 million in sales. The company attributed this revenue boost primarily to the high demand for its new decorative cosmetics line LR ZEITGARD Signature and a large influx of new sales partners as a result of the realignment of its career plan.
“In recent years, we have increasingly noticed that our partners’ desire for a first-class make-up line has grown,” said Dr. Andreas Laabs, LR Health & Beauty CEO and Spokesman of the Management Board. “With LR ZEITGARD Signature, we are now responding to this need.”
The company is now focusing on sustainable, profitable future development and is preparing for continued momentum with a recently opened logistics center in Ahlen that includes a state-of-the-art warehousing system to improve scaling options and efficiency. A new IT hub in Athens is also planned to open in the spring of 2025.
“This year, we have launched important initiatives that will take full effect in the coming year,” Laabs said. “Against this backdrop, we are well positioned to enjoy an even more successful year.”
