Natura
May 12, 2021
Natura and Co reported first-quarter consolidated net revenue of 9.5 billion Brazilian reais, up 25.8 percent in reais and 8.1 percent at constant currency. Reported EBITDA rose 470.7 percent to 829.1 million reais. Adjusted EBITDA rose 68.5 percent to 963.2 million reais.
Executive chairman and group chief executive Roberto Marques said all four brands grew in reais and that digital and online sales helped the group beat the global cosmetics market. Total online sales rose 166 percent. Natura brand digital sales rose 253 percent, and Avon global online sales rose 132 percent.
Natura and Co Latam revenue rose 24.6 percent in reais. The Natura brand rose 29.6 percent and Avon Latam rose 20.0 percent. Avon International revenue rose 11.4 percent in reais. The company also said it raised Avon synergy targets to between 350 million and 450 million U.S. dollars by 2024 and completed a 1 billion U.S. dollar sustainability-linked bond issue.