For Intercos Ebitda 2025 up by 9%

Net revenue of more than €1 billion, up 0.3% compared to 2024; adjusted EBITDA of €156 million (up 8.8%) and a 14.9% margin on sales; adjusted net profit of €57.4 million, up €56.7 million compared to 2024; and consolidated group net profit of €50.1 million, up €1.3 million compared to 2024. This is how Intercos closes 2025.

"In a year that turned out to be more complex than expected due to the difficult geopolitical context and the general consolidation of the beauty market, especially in the USA, our group successfully focused on recovering profitability," comments CEO Renato Semerari. "After years of accelerated topline growth, in 2025 we recorded sales substantially in line with the previous year, but with a reduction in the packaging component and a greater concentration on higher value-added business. This has allowed us, together with purchasing and production efficiency actions, to achieve a significant growth in Ebitda'.

In fact, 2025 saw a strong expansion in profitability also thanks to a sales mix more focused on the business lines with the highest added value: make-up, the group's main business unit, returned to weigh more than 60% of total turnover, supported mainly by the increase in the volume of business realised with multinationals and in the prestige segment. "This," continued the CEO, "allowed us to generate an incremental Ebitda of EUR 12.6 million compared to last year, almost double-digit growth in percentage terms (+9%).

He adds: 'In a context characterised by a more cautious attitude in terms of sourcing, particularly from emerging brands (also as a result of the slowdown in consumption in the US), multinational groups have instead accelerated their search for more innovative products to stimulate demand in both western and eastern markets. This is an attitude typical of market consolidation phases, as the conquest of market share becomes essential to sustain their business and it is therefore crucial to stimulate purchases by launching new products. In this scenario, Intercos has once again been able to anticipate trends, strengthening its position as a strategic partner of reference for innovation in beauty at a global level".