Natura
March 9, 2022
Natura &Co said fourth-quarter 2021 consolidated net revenue was 11.6 billion reais, down 3.0 percent, while net income rose 292 percent to 695.4 million reais. Full-year net revenue rose 8.8 percent to 40.1 billion reais, and net income reached 1 billion reais, reversing a prior-year loss. Adjusted EBITDA margin rose 90 basis points in the fourth quarter to 13.3 percent. Digitally enabled sales reached 52 percent of total revenue.
The group said Avon integration synergies were ahead of plan, with nearly half of the overall target achieved by year-end. Avon brand revenue in Latam fell 12.3 percent in the fourth quarter but rose 6.6 percent for the year. The company said it was suspending The Body Shop and Aesop operations in Russia via head franchises and suspending Avon exports while supporting local representatives. Cash ended the year at about 6 billion reais.