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FACTS AND FIGURES

1

In 2012, Lumene group's net sales amounted to €90 million. Compared to the previous year, net sales increased by 6%. The company's EBITDA amounted to €13.7 million, which is 15% of net sales.

2

50% of the company’s net sales are generated from its home market of Finland and 50% from the international markets.

3

The company has about 530 employees, 330 of whom work in Finland.

LUMENE AND CUTRIN

Lumene – The Power of Arctic Nature

The Nordic summer. Abbreviated, intense, and filled with extreme light and power. During this brief season of midnight sun, after many months of harsh conditions and freezing temperatures, Arctic plants gather their extraordinary strength and energy with astonishing speed. Torture-tested by the elements and harvested by hand, the raw materials of the Arctic are the most potent on Earth. Lumene harnesses the power of these berries and plants into effective skincare and cosmetics developed to illuminate your unique, natural beauty.

Cutrin

Cutrin is one of the leading professional hair brands within the Nordic countries and is an expert in Nordic hair and scalp health. The Cutrin product range offers an extensive selection of innovative and high-quality products designed for hair care professionals. The Cutrin and Lumene brands are both characterized by their innovative product development practices, their use of unique, Arctic ingredients and their in-depth knowledge of the Nordic climate.

http://www.cutrin.com

ARCTIC ORIGINS

At the heart of the Finnish Lake District lies a crystal clear lake:  Lake Lummenne.  Inspired by the purity of this lake and the vitality of Arctic Nature, we created in 1970 the skincare and cosmetics brand Lumene.

It´s the Nordic Summers that make Arctic Nature unlike anything else in the world.  The sun radiates well after midnight. The light shines intensely. Berries and plants gain astonishing strength after many months of harsh, freezing conditions. These brief, intense summers are the secret to a healthy, luminous complexion.

Lumene unlocks the potency of wild Arctic ingredients. Handpicked Arctic berries and plants such as cloudberries, blueberries, heather and linen, overcome the toughest climate on Earth to deliver optimum levels of uniquely beneficial nutrients straight to your skin. It’s this super-concentrated strength that Lumene captures to create these advanced skincare and cosmetics.

Once we have gathered these ingredients, we bring them back to our small but high tech facility outside of Helsinki. Here, our very own chemists and biochemists use the latest technology to release the essential benefits like plant sterols and antioxidants that our skin needs and craves.  We use the most natural ingredients without compromising the safety, efficacy or multisensory appeal of our products.

Lumene believes in a holistic approach to beauty. In caring for the natural beauty within. In products with integrity for every individual regardless of age or skin type. In letting your true beauty shine through.

Illuminate your natural beauty with the power of unique, Arctic ingredients.

Lumene – The Power of Arctic Nature.

AN ARCTIC MISSION AND VISION

MISSION

We illuminate your true individual beauty with powerful solutions that harness natural Arctic ingredients.

VISION

LUMENE Oy will be a passionate provider of holistic beauty widely recognized for its expertise, innovations and use of uniquely potent, natural Arctic ingredients.

Driven by our ability to anticipate and quickly respond to consumer and market needs, we will not only strengthen our position as a market leader in Finland but also become a bold challenger in our Key Markets.

VALUES

Our goal: To provide as natural products as possible without compromising their safety, efficacy or multisensory appeal.

 

ORGANIZATION

Langholm Capital LLP

Langholm Capital LLP is a London-based capital investor, focusing on medium-sized buyout investments, making investments to European companies offering services and/or products to consumers. In particular Langholm is interested in companies operating in industries that promote personal health and well being, offering comfort and freeing time from domestic work.

Visit the homepage of Langholm Capital LLP: http://www.langholmcapital.co.uk/

CapMan Group

CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of €3.4 billion. CapMan has four key investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market, and CapMan Real Estate - each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 120 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.

Visit the CapMan home page: http://www.capman.com/

Board of Directors

Chairman of the Board of Directors - Alice Avis

Langholm Capital LLP, Partner / Member of the Board of Directors - Christian Lorenzen

Member of the Board of Directors - Richard Rivers

CapMan Oyj, Senior Partner and Chairman of the Board of Directors / Member of the Board of Directors - Heikki Westerlund

Lumene's Management Team

Lumene Management Team
President and CEO - Tapio Pajuharju
Vice President, Human Resources - Terhi Ahvonen
Vice President, Marketing - Ursula Blässar
Vice President, Innovation & Development - Tiina Isohanni
Vice President, Lumene Russia - Arina Shabanova
CFO - Jarmo Korhonen
Vice President, Sales - Jukka Lång
Vice President, Supply Chain - Kimmo Parvela

 

LUMENE HISTORY

1948: Noiro was established as a subsidiary of the Orion pharmaceutical plant

1970: Lumene skincare products and color cosmetics were launched in Finland.
The identifying colors of the Lumene brand, blue and silver, were chosen to emphasize the Finnish origin and Arctic nature. At the time, the choice of color was regarded as revolutionary for a cosmetics brand.

1971: The Cutrin brand was established.

1973: The Lumene brand became the market leader in Finland.

1974: The Lumene Green skincare range containing plant extracts and oils was launched.

1980s: The popular Lumene Green moisturizers were sold in all Nordic countries as well as Russia.

1990s: The bodycare range, Lumene Body Aktiva, was launched on the market.

New ingredients used in the products included birch extract, tea tree oil and seaweed extract.

2001: Lumene was the first cosmetics company in the world to start using handpicked, wild berries in its products.

2002: Lumene Vitamin+ Advanced C-Energy cream won an independent European anti-age cream test. Containing berry seed oil, the cream became a favorite throughout the world, especially in the United States.

2003: LUMENE Oy became an independent company. Funds administered by CapMan as well as Langholm Capital LLP became its principal owners.

2008: Farmos Oy was spun off from the company on 29 February 2008.

2011: Langholm Capital LLP became the main owner of LUMENE Oy with a 79% share in the end of 2011. Funds administered by CapMan also remained as owners with a 13% share. LUMENE Oy’s management ownership is 8 per cent in total.

2011: Ice-hockey player Mikko Koivu became the face of the new Lumene For Men range of products in August 2011.

Mikko Koivu, current ice hockey world champion and captain of the NHL team Minnesota Wild, signed a cooperation agreement in which Koivu would became the face of the new Lumene For Men range of products. As agreed with Mikko Koivu, his fee will be donated in full to charity for the benefit of children and young people.

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