The Brazilian company of cosmetics continues to weigh on its result the effects of The Body Shop acquisition. The company had a revenue of 13.39 billion reals (3.57 billion dollars).
Natura&Co closes 2018 at double speed. The Brazilian cosmetics giant concluded fiscal year 2018 with a profit of 548.4 million reals (146.5 million dollars), which represents a decrease of 18.2% compared to 2017. The result was affected partly due to the purchase of the chain The Body Shop, which is currently undergoing a transformation.
On the other hand, the Brazilian company’s sales registered an increase of 36% in 2018. Natura&Co recorded a revenue of 13.39 billion reals (3.57 billion dollars) in comparison to 9.85 billion reals (2.63 billion dollars) that it earned in the previous year. The ebitda of the Brazilian giant also registered a growth of 6%, to 1.84 billion reals (434 million dollars).
The company underlined the evolution that The Body Shop experienced in its last fiscal year. The company, that is part of the group since September, took its revenue to 3.88 billion reals (915.4 million euros) in 2018, thus doubling the revenue of the previous year.
Natura&Co is executing a transformation plan on the chain The Body Shop
Besides, Aesop, the Australian chain of Natura&Co, had a revenue of 1.06 billion reals (250.5 million dollars) in the last fiscal year, which meant an increase of 50.6% more than in 2017.
Natura&Co is now undergoing a new stage since it enlarged its portfolio in 2017. The group has strengthened its expansion in retail, especially with its homonymy brand, and reorganized its headquarters with new executive officers and directors, such as Agenor Leão, new vice president for Latin America. In addition, the cosmetics conglomerate took the name of Natura&Co in 2018 in order to integrate its three brands.