Natura
November 15, 2021
Natura and Co reported third quarter consolidated net revenue of 9.5 billion reais, down 4.2 percent from a record comparison a year earlier, when the group had grown more than 20 percent. For the first nine months, net revenue rose 14.4 percent to 28.5 billion reais. Nine-month net income was 352.6 million reais, reversing a loss of 827.6 million reais in the same period of 2020. The adjusted EBITDA margin for those nine months was 9.1 percent.
The group said it would repurchase up to 1.5 billion reais of shares and was studying a move to the New York Stock Exchange while keeping a dual listing through Brazilian depositary receipts. Online sales and social selling were 52 percent of revenue. Avon total sales for the first nine months rose 10.7 percent, the first such nine-month gain in five years, while Avon International third quarter net revenue fell 14.3 percent. The Body Shop third quarter net revenue rose 0.4 percent.
Executive chairman and group chief executive Roberto Marques said integration of Avon continued, including a new commercial model, and that Aesop was preparing a China entry. He said every brand posted nine-month growth despite pandemic headwinds.