LR Global Holding GmbH announced its financial results for the third quarter of 2022, revealing a positive sales trend that is almost in line with the record sales the company experienced in 2021. In the third quarter of 2022, Group sales reached $68.4 million, compared to $71.2 million during the same period last year. The company’s home market of Germany led this growth in spite of challenging market conditions.
In the first nine months of 2022, LR Group sales reached $206.8 million. Normalized EBITDA during this period was $23.5 million, down from $31.6 million during the same period last year.
“With the launch of ZEITGARD Pro for facial care in the third quarter of 2022, we enjoyed the most successful product launch in our company’s history to date,” said Dr. Andreas Laabs, Chief Executive Officer of LR Health & Beauty SE. “Most importantly, we see that our focus on our strategic actions and income opportunities for LR Partners is paying off in full given the current overall economic situation. Many new partners are taking advantage of the opportunity at LR to add a further source of income and thereby secure their standard of living. By further digitalizing our processes and offerings, we are creating the conditions for the LR Group’s future growth and at the same time improving the overall framework for our partners to successfully develop their careers at LR.”
