Sao Paolo, Brazil-based Natura Cosmetics, now known as Natura Group, recently released its financial results for the third quarter of 2017. Consolidated net revenue amounted to R$2,365.4 million (Brazilian real), a 24.3 percent increase over the third quarter of 2016. Consolidated EBITDA came to R$450.4 million, a 40.8 percent increase over Q3 2016, and net income was R$61.0 million, a 16.6 percent decrease versus Q3 2016.
Through the first nine months of 2017, consolidated net revenue stood at R$6,119.8 million, an 8.9 percent increase versus the first nine months of 2016. Consolidated EBITDA amounted to R$1,113.6 million, a 26.3 percent increase versus the first nine months of 2016, and net income came to R$413.4 million, compared to R$318.5 million in the first nine months of 2016.
“This quarter represents a historical milestone for Natura: With the closing of the acquisition of The Body Shop, we took a decisive step towards becoming a global, multi-brand and multi-channel group, with three different businesses and brands committed to ethical and sustainable business practices that generate positive social impacts,” said CEO João Paulo Gonçalves Ferreira.
Expenses for the third quarter include one month of results from The Body Shop, which the company consolidated on September 1, as well as the non-recurring effects from this transaction and other one-off expenses. “Our results excluding these effects demonstrate the health and strength of the group we are building,” Gonçalves Ferreira said. “This quarter, Natura resumed its growth and leadership in various strategic categories in Brazil, while maintaining a strong pace of its expansion in Latin America. Aesop reported another quarter of strong sales, while The Body Shop also contributed to our robust performance. Net income before effects from acquisition of The Body Shop grew significantly, driven by recovery in our performance in the Brazilian market.”
In the quarter, the company made advances in sustainable development, including partnerships to leverage its positive social and environmental impact and to reduce its carbon emissions. The company’s commitments were rewarded by its inclusion, for the first time, in the FTSE4GOOD index, which recognizes companies with strong environmental, social and governance practices.
To read the full Natura Q3 2017 financial report, click here.