Intercos Group is a world leader in the development and production of color cosmetic products (lipstick, powders, and color emulsions - 77% of total revenue) and makeup pencils (16%) for the global leaders in the cosmetic industry. Since 2006, Intercos operates in the skin care market as well as through its subsidiary CRB (7%).

Intercos focuses on R&D and innovation carried out in its 10 production centers worldwide. Most of the top 15 global cosmetic companies are Intercos clients and use formulas patented by the Group. The Group maintains strong customer relations. Intercos employs approximately 3,000 people.

Despite the weak US dollar (more than 50% of revenues), revenues grew 15.2%, from 220 million euros to 254 million euros, driven by the excellent performance of the US market.

Performance levels in 2008 are characterized by increased volumes and weaker EBITDA margin, resulting from an unfavorable exchange rate and a change in the composition of revenues which comprise a more significant portion of full service sales (including packaging). CRB, the skin care division, continued its growth, and continued to benefit from better integration with Intercos.

In an uncertain environment, management launched a cost-control program, while continuing to invest in R&D and innovation.

In the medium term, the current crisis could accelerate the trend towards long-term subcontracting that benefits Intercos.