MADARA Cosmetics

Name: AS "MADARA Cosmetics"
Core business: Consumer Goods
Certified adviser: ZAB Eversheds Sutherland Bitāns, SIA
Auditor: Deloitte Audits Latvia, SIA
Date of admitting: 10.11.2017.
Market: Nasdaq Riga

Supervisory board:
Anna Ramata-Stunda (Chairman), Liene Drāzniece (Deputy chairman), Edgars Pētersons, Sari Hannele Rosin, Anna Andersone

Management Board: 
Lote Tisenkopfa-Iltnere (Chairman), Uldis Iltners, Tatjana Nagle, Gunta Šulte

Background information:

Founded in 2006, AS MADARA Cosmetics is a Latvian natural and organic cosmetics manufacturer, with its main brand, MÁDARA, being a local pioneer in the field. The products are certified according to the international ECOCERT & Cosmos and cosmetics GMP standards. The company made a successful IPO in 2017 at Nasdaq Baltic and has been growing ever since.
Strong expertise in skincare and makeup product development, one of the most advanced production plants in Northern Europe, in-house marketing agency and a strong focus on e-commerce tools are among the key pillars of the company’s success. All product concepts are developed at AS MADARA Cosmetics’ own laboratories and production facility in Riga, Latvia. Using in vitro and in vivo testing methods and partnering with the leading dermatologists and researchers from the University of Latvia allows AS MADARA Cosmetics to develop innovative, scientifically proven, bestselling and award-winning beauty products. The company offers a wide range of face and body moisturisers, high-end makeup, advanced mineral sunscreens, active ingredient concentrates and other beauty products. AS MADARA Cosmetics’ sales channels are well-diversified, and MÁDARA skincare and makeup products are being exported to more than 35 countries. The company also offers contract manufacturing services.
AS MADARA Cosmetics has won the European “Role Model Award” between small and medium companies at the “SME Star Awards 2018” organised by the European Parliament in Brussels. Gaining worldwide recognition, the company also received the “Intellectual Property Enterprise Trophy 2020” by the World Intellectual Property Organization (WIPO) for knowledge-based entrepreneurship and internationally recognised, sustainably produced natural beauty products. For the second year in a row, AS MADARA Cosmetics received the Nasdaq Baltic Excellence Award for the best Investor Relations, and is one of the honoured companies that ring the trading session bell at Nasdaq headquarters in New York.

AS "MADARA Cosmetics" prospectus is available here.

Adress: Zeltiņu iela 131, Mārupe
Phone: +371 66154800
Home page:

Contact person:
Uldis Iltners
Management Board Member of MADARA Cosmetic, AS