Company | Lumene

ORGANIZATION

Board of Directors

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

CapMan Oyj, Investment Director - Lars Hagelstam

Member of the Board of Directors - Richard Rivers

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 Oy's management and the other shareholders will hold 8 percent. Langholm Capital LPP funds will hold 79 percent and CapMan funds will hold 13 percent of LUMENE Oy.

FACTS AND FIGURES

1

In 2010, LUMENE Oy's net sales amounted to €83 million. Compared to the previous year, net sales increased by 7%. The company's EBITDA amounted to €13.1 million, which is 16% 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.

KEY MARKET

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LUMENE Oy has two brands, Lumene (skincare and color cosmetics) and Cutrin (professional hair cosmetics). Both brands operate in the domestic market and international markets (bit more than 50 % of company net sales). LUMENE Oy’s key markets are in Finland, Scandinavia, Russia and the United States. We have subsidiaries in Russia and the United States.

Lumene

The Lumene skincare and color cosmetics are sold in app. 17,000 retail outlets in the international markets. Approximate split of retail outlets you will find below:

United States: 12,000 + retail locations
Finland: 750+
Other Scandinavian countries: 650+
Russia: 3,000+
Ukraine: 200+
Chile: 100+
Estonia: 100+

Cutrin

Approximately 60 per cent of the Cutrin professional hair care products are sold outside of Finland. Cutrin products are sold by our own sales organization in Russia and Finland. Cutrin key markets are in Finland, Russia, Norway, Sweden, Denmark, and Iceland. Cutrin products are also available in the Baltic countries (Estonia, Lithuania, Latvia, Belarus and Ukraine).

AWARDS

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NewBeauty Choice Award Winner!

Out of tens of thousands of beauty products reviewed, NewBeauty magazine created “The List” to share the absolute best of the best. And Lumene Vitamin C+ Age Defying Radiant Beauty Drops rose to the top in the Best Skin Brightener category.

Allure Best of
Beauty Award winner!

According to beauty experts at top-ranked Allure magazine, many towelettes irritate sensitive skin, but Lumene Sensitive Touch Gentle Cleansing Wipes "leave it fresh and clean, not prickly and inflamed."

Parents Mom Knows Best Beauty Award Winner!

Parents magazine created the ultimate list if mom-beauty-must-haves after testing more than 250 recently launched beauty products… and Lumene Vitamin C+ Bright Skin Radiance Nectar won for Best Skin-Brightening Product.