LR Health & Beauty SE announced its financial results for the full year 2023, reporting a 3% year-over-year increase in revenue to reach $295 million. The company achieved a normalized EBITDA of $37.8 million, down from $38.4 million in 2022, and a reported EBITDA of $33.5 million.
“2023 was a very strong year for LR,” said Valdemaras Gordinskis, Vice President Global Controlling and Investor Relations of the LR Group. “We were able to drive forward our strategic initiatives, and many partners saw successful career developments. With BODY MISSION and Mind Master Gold, we managed to achieve two of the three best product launches in the history of our company. Especially Mind Master Gold, a vegan health product, which is available for subscription, has been very well received by the community and has given our sales an extra boost.”
