Natura
August 11, 2022
Natura &Co said second-quarter 2022 consolidated net revenue was 8.7 billion reais, up 0.4 percent at constant currency and down 8.6 percent in reais. Adjusted EBITDA margin was 8.0 percent, down 50 basis points. The group reported a net loss of about 766 million reais and ended the quarter with net cash of 4.3 billion reais.
Natura &Co Latam revenue rose 5.6 percent at constant currency, led by the Natura brand, while Avon International and The Body Shop declined and Aesop grew 24.5 percent at constant currency. Group chief executive Fabio Barbosa, in his first weeks in the role, said the holding company would be made lighter and leaner, with mapped annualized corporate-expense savings of at least 40 percent if changes had applied last year, and that margin and operating cash flow were immediate priorities.