Natura & Co. recently reported another strong quarter of growth in 2018, with consolidated sales rising by 37.1 percent in Q3, reaching R$3.24 billion.
On an adjusted basis, consolidated net revenue grew 16.6 percent in the third quarter of 2018, compared to the same period last year, with strong performance across all three businesses. In the first nine months of the year, reported sales were up by 48.1 percent, reaching R$9.1 billion, and adjusted net revenue improved by 13.7 percent.
Reported net income more than doubled in the third quarter, with a rise of 118 percent to R$132.8 million, driven by higher EBITDA and lower financial expenses. This strong result was achieved despite hyperinflationary accounting effects in Argentina and The Body Shop’s transformation costs. Underlying operating income grew on an adjusted basis by 10.2 percent in the third quarter, to R$326.6 million, and by 30.4 percent in 9M18, to R$754.1 million.
“Natura & Co posted another quarter of solid performance, providing new evidence of the growing momentum and strength of our global, multi-brand, multi-channel group,” said Natura & Co’s Executive Chairman of the Board Roberto Marques. “Natura in Brazil and Latam grew in core categories and online, while The Body Shop’s sales increased boosted by head franchise orders and stable company stores sales. Aesop maintained its stellar growth, both in like-for-like store sales and online.”
To view the full Natura & Co. Q3 2018 report, click here.