Financial News
Written by: Huang Haolin
2020-07-21 18:53
Last update date: 2020-07-21 18:53L'Occitane (0973) announced operating data for the first fiscal quarter of the current fiscal year ending at the end of June. Under the new crown pneumonia epidemic, lockdowns and store closures caused by the continuous spread of Europe and the Americas were severely affected. Net sales in the first quarter were 274 million yuan (Euro ‧ the same below), and net sales fell 22.2% to 270 million yuan at a constant exchange rate. Among them, the Russian market fell 37.3%, and the French market fell 33.9%.
Same-store sales fell 24.9% during the period, of which Hong Kong fell 37.3% and China rose 0.1%. The United States, the store's largest business area, also recorded a 30.8% drop.
Sales in Asia also performed strongly as the epidemic eased. In particular, China, South Korea and Taiwan recorded growth rates of 24.9%, 27.4% and 11.5% respectively.
Growth by brand at a constant exchange rate: LimeLife, L'Occitane en Provence, ELEMIS and other brands grew by 51.6%, 25.7%, 28.8% and 35.3%, respectively.
Due to Brazil's poor performance, the group plans to permanently close 52 stores.
L'Occitane earns 116 million euros for the year, final interest cut by 25%
L’Occitane expects to lose 56 million euros in sales and proposes to cut 25% dividend
L'Occitane retail stocks
