Natura &Co reported consolidated net revenue of R$4.7 billion in the fourth quarter of 2019, up 7.3 percent on a reported basis and up 6.1 percent at constant currency.
The fourth-quarter performance caps another transformational year for Natura &Co as it announced the acquisition of Avon Products, Inc. in May 2019, creating the world’s fourth-largest pure play beauty group and a leader in the direct-to-consumer space, with a portfolio of iconic brands. That transaction officially closed on January 3, 2020.
The Natura brand’s adjusted net revenue in Brazil was up 3.0 percent in Q4. Productivity per consultant rose for the 13th consecutive quarter. Natura’s digital platform now has over 900,000 users in Brazil and online sales grew in double-digits. Latam also saw growth of 10.6 percent in net revenue in Brazilian Reais and a stronger 28.9 percent in constant currency. Argentina posted a strong performance despite a challenging market environment, and Mexico and Colombia also delivered growth. EBITDA and margin increased in Q4 both in Brazil and in Latam. In the full year, sales were up 4.0 percent in Brazil and 13.5 percent in Latam (+23.9% in constant currency).
In the full-year, consolidated net revenue grew 7.8 percent on a reported basis and 7.0 percent at constant currency to R$14.4 billion.
“2019 was another year of profitable growth and transformation for Natura &Co, as we continued to make significant progress in building a multi-brand, multi-channel, purpose-driven group,” said Roberto Marques, executive chairman of Natura &Co. “Our results continue to demonstrate our ability to serve an ever-increasing number of customers across price points and distribution channels.”
To read the full Natura &Co Q4 2019 financial report, click here.