L’Occitane has reported its highest net profit since its listing for full-year fiscal 2017, rising 16.6 percent to €132.4 million.
The naturals beauty firm also reached a historical high in the gross margin stakes, rising 0.5 points to 83.3 percent. Net sales were up too – climbing 3.2 percent to €1323.2 million.
China was the ‘stand-out’ market for the group in terms of local currency sales, while Brazil and Japan registered the largest growth at actual rates, rising 30 percent and 15.5 percent respectively.
“Despite ongoing external challenges in many of the markets where we operate, we are extremely pleased to report our highest ever profit since our listing. This result demonstrates that our omni-channel sales strategy and brand building efforts have really come to the fore,” commented Reinold Geiger, Chairman and CEO.