[Transaction stock] Interim net profit increased by 2.67 times L'Occitane's stock price surged 9%

Financial News

Written by: Yue Yueting

2019-11-26 15:39

Intermediate net profit of nursing product brand L'Occitane (0973) increased significantly by 2.67 times year-on-year to 24.992 million euros. The stock's stock price has soared 9% today. As of 3:39 pm, it was reported at 19.94 yuan, an increase of 9.08%, and the transaction value was 79.4 million yuan. .

Many big companies sing L'Occitane well. The report from Meg Haircut stated that L'Occitane's multi-brand strategy is effective. It is believed that with the integration of British skin care brand Elemis into the group, it is expected to improve the company's operating profit margin. It is estimated that the operating profit margin in 2020 and 2021 They are 12.4% and 12.5%, respectively. The bank upgraded its rating from neutral to outperformed the market and raised its target price to 21 yuan.

Citi believes that L'Occitane's natural sales growth of 6% and the merger of Elemis will help improve operating leverage. The double 11 sales in the mainland market will make up for the weak Hong Kong and US business. The bank raised its target price from 18.4 yuan to 21.2 yuan, maintaining the "Buy" rating.

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L'Occitane Transaction