The Bezvavlasy cosmetic group, which is one of the largest sellers in its field in our country, achieved sales of 1.05 billion crowns in 2023. The net profit of the group was 79 million crowns.
The company sells hair cosmetics, hair dyes and actually almost everything related to hair care.
These are preliminary consolidated results, which include the acquired Hair Servis group for more than half a billion crowns. The given numbers by group do not yet reflect the expected effects of the acquisition. These should start to make a positive contribution to the group’s performance from 2025 and fully manifest in 2026.
However, within five years, the company would like to operate in more than ten European markets and achieve long-term sales of up to three billion crowns. Also for this purpose, the company opened a new pan-European distribution center in Bor u Tachova in December 2023.
“Our expectations regarding the final financial performance of the entire Bezvavlasy group for the next three years are significantly higher than the proforma consolidated results for 2023, which were affected by many one-off negative factors,” comments the Chairman of the Board of Directors of Bezvavlasy Aleš Hudeček.
The shares of Bezvavlasy are traded from September 1, 2022 on the Start market of the Prague Stock Exchange, intended for medium and small enterprises. Since their debut, their price has increased from 490 to the current 675 crowns, which represents an increase of 38 percent.
New directors and subscription of shares
The group announced several news at the same time. As of June 1, Daniel Horák, who for ten years previously led and developed the Dr.Max pharmacy network, will take over as CEO of the group. His main task for the near future will be the merger of Bezvavlasy with Hair Servis and preparation for the expansion of the entire group in the Czech Republic and within Europe.
Nicolas Eich then takes over the position of director for e-commerce, replacing the previous CEO of Bezvavlasa, Jaromír Muchka.
As part of the acquisition, the founders of Hair Servis received 300,000 shares of Bezvavlasa at a price of 700 crowns per share as part of the purchase price. This subscription is expected to be settled during June. Together with the existing majority shareholders Aleš Hudeček and František Novotný and the Starteepo group, they will act in unison, with a total target share of voting rights of almost 89 percent.
In addition, an additional 50,000 shares will be subscribed, with approximately 37,000 shares subscribed by the executive management of Bezvavlasa, headed by the new CEO Daniel Horák, who will subscribe up to 35,000 shares.
The remaining 13,000 pieces will be taken apart by existing small shareholders. The approval process is currently underway at the Czech National Bank. The public offering prospectus is expected to be published in the first half of June.
Tags: Bezvavlasy Group reports billion sales strengthens management
