Financial News
Written by: Zhang Weilun
2020-11-30 17:24
Last update date: 2020-11-30 17:24
L'Occitane (0973) announced its interim results as of the end of September this year. The profit attributable to equity owners was 15.613 million yuan (EUR ‧ the same below), down 37.5% year-on-year; no dividend was paid.
Net sales during the period were 616 million yuan, down 15.2% year-on-year, gross profit was 506 million yuan, down 14.2% year-on-year, and gross profit margin increased by 0.9 percentage points year-on-year to 82.1%.
The company pointed out that the decline in revenue in the first half of the year and the new crown pneumonia epidemic led to store closures, restrictive measures and reduced flow of people; it also pointed out that all brands and regions have seen significant improvements in sales momentum in the second quarter of the current fiscal year.
In the first half of the current fiscal year, online channel marketing increased by 80.8%.
The company pointed out that it is actively dealing with loss-making areas, L'OCCITANE au Bresil and Melvita are undergoing restructuring, and may accelerate store integration in the United States and other markets.
The company also pointed out that it is ready to improve profitability and create more value for shareholders in the long run.
L’Occitane’s second-quarter sales fell 4.5%, and same-store sales at its Hong Kong branch fell 30%
L’Occitane’s same-store sales fell 24.9% in the first fiscal quarter, 52 stores closed
L'Occitane earns 116 million euros for the year, final interest cut by 25%
L'Occitane expects to lose 56 million euros in sales, proposes a 25% dividend cut
L'Occitane Interim Results