The Davines Group closes another financial year with double-digit growth and records in 2023, its 40th anniversary, a turnover of more than €260 million (preliminary figures), an increase of 14% compared to the previous year. Over the last 15 years, the Group has continued to grow between 10% and 20% per year, without acquisitions: a strategy that has doubled turnover in the last five years and quadrupled it in the last 10.

This year, the Group is once again consolidating its international positioning, achieving 80% of its 2023 turnover in the foreign markets of the 90 countries where it is present with its two brands. The United States is confirmed as the Group’s top market. Revenues also increased in Italy (+11% in 2023) and outperformed Davines France, with 20% growth in turnover.

As far as the brands, both recorded a marked increase in sales: the turnover deriving from the sale of Davines brand products grew by 16% and that of [comfort zone] skincare products grew by 13%.

To meet the growth in demand, the Group is increasing the production capacity of its shampoo and conditioner lines by 50%, with an investment of 8 million euros in a new production and storage plant which will be fully operational by the summer.

“In 2023, we also continued the process of expansion that we have been pursuing in recent years with our two brands for professional skincare and haircare. Our far-reaching international presence, in 90 countries, has been one of the cornerstones of our growth in recent years, and we are aiming to expand further, in Southeast Asia and South America, major markets that are still largely unexplored for us. Haircare is our main business but we are also growing in the skincare segment. In 2023, we celebrated our 40th anniversary. We have always reinvested more than 95% of our profits back into the company and we will continue to do so, while pursuing a regenerative and stakeholder-driven development model, seeking to innovate our production processes to increasingly reduce the use of non-renewable or depletion-prone natural resources and to change the current paradigm. This is due to our belief that companies should not only reduce their environmental impact but can also make a positive contribution to the planet and the community by giving back more than what they consume,” commented Davide Bollati, Chairman of the Davines Group.