IWP International plc is a manufacturer, distributor and marketer of fast-moving consumer goods and allied products. The Company is divided into four divisions: cosmetics, household, personal care and distribution. The cosmetics division manufactures and distributes over 100,000,000 cosmetics, toiletries and perfumery products to over 94 countries worldwide. The household division sells, markets and manufactures household and industrial cleaning and hygiene products in over 60 countries. The personal care division develops, produces and supplies a range of personal care, luxury, fun and leisure products. The distribution division is involved in the operation of sales and distribution centers, and the production and distribution of plastic and metal parts and components. In addition, IWP is engaged in the manufacture and distribution of self-adhesive and heat-seal labels. IWP's businesses are located in Ireland, the Netherlands, the United Kingdom, France, Poland and the United States.
In 2002 IWP agreed to sell its household products division to its management.
It also sold off its self-adhesive label division. While it will retain a 35% ownership of the household division, the company intends to concentrate the personal products sector. IWP markets its products in Europe and North America.
Quick Financial Synopsis
BRIEF: For the six months ended 30 September 2004, IWP International PLC's total revenue decreased 9% to EUR90.7M. Net loss applicable to ordinary shareholders decreased 1% to EUR4.9M. Revenues reflect lower Constance Carroll export sales and market pressure in UK fragrance business. Lower net loss reflects decreased losses from amortisation of goodwill, legal and advisor costs and reorganisation expenses
Agreement with Lending Institutions
The Board of IWP International plc has announced that further to the statement issued on the 26th March 2004 the Company has finalised and signed a revised lending agreement with its existing loan note holders and banks which will provide...