Avon International Marathon

Natura &Co to sell The Body Shop to Aurelius

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Tuesday, November 14, 2023

Sale, Eye, Acquisition, NYSE, The Body Shop, Investment, Morgan Stanley, Avon International Marathon, Rejuvenation, Movement, LSG Group, Health, Hand, Human, GBP, ESG, Retail, Natura & Co, Aurelia gens

SÃO PAULO, Nov. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has reached agreement to sell The Body Shop to international private equity group Aurelius, marking a new step in the Group's strategy to simplify and refocus its operations.

Key Points:

Under the transaction, Aurelius has signed an agreement to acquire The Body Shop for an enterprise value of GBP 207 million, including an earn-out of GBP 90 million.
The Body Shop will benefit from Aurelius' strong track record in building up companies to continue its transformation journey.
The Body Shop also became a certified B Corp™ in 2019, broadening its sustainability commitments and regaining its advocacy voice.
Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "With the sale of The Body Shop, we are taking another important step in Natura &Co's new development cycle to unlock significant value.

Natura &Co to sell The Body Shop to Aurelius

Retrieved on:

Tuesday, November 14, 2023

SÃO PAULO, Nov. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has reached agreement to sell The Body Shop to international private equity group Aurelius, marking a new step in the Group's strategy to simplify and refocus its operations.

Key Points:

Under the transaction, Aurelius has signed an agreement to acquire The Body Shop for an enterprise value of GBP 207 million, including an earn-out of GBP 90 million.
The Body Shop will benefit from Aurelius' strong track record in building up companies to continue its transformation journey.
The Body Shop also became a certified B Corp™ in 2019, broadening its sustainability commitments and regaining its advocacy voice.
Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "With the sale of The Body Shop, we are taking another important step in Natura &Co's new development cycle to unlock significant value.

Natura &Co: Consistent adjusted EBITDA margin improvement alongside strengthened balance sheet in Q3

Retrieved on:

Tuesday, November 14, 2023

SÃO PAULO, Nov. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) continued to improve its profit margins in the third quarter, while deleveraging its balance sheet thanks to the proceeds of the sale of Aesop, which closed on August 30th.

Key Points:

Avon International posted broadly stable top line and further margin improvements, reaching high-single-digit adjusted EBITDA margin.
Margin benefited from strong gross margin improvement, up 320 bps to 63.7%, benefitting from the continued effects of price increases, richer mix and marketing efforts.
Adjusted EBITDA margin was 8%, up 440 bps, driven by gross margin expansion of 490 bps thanks to price increases and product mix.
Adjusted EBITDA margin improved again this quarter, growing by 140 basis points to 7.7%, thanks to another quarter of gross margin growth, up 30 bps to 76.6%, combined with strict cost control.

Natura &Co: Consistent adjusted EBITDA margin improvement alongside strengthened balance sheet in Q3

Retrieved on:

Tuesday, November 14, 2023

SÃO PAULO, Nov. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) continued to improve its profit margins in the third quarter, while deleveraging its balance sheet thanks to the proceeds of the sale of Aesop, which closed on August 30th.

Key Points:

Avon International posted broadly stable top line and further margin improvements, reaching high-single-digit adjusted EBITDA margin.
Margin benefited from strong gross margin improvement, up 320 bps to 63.7%, benefitting from the continued effects of price increases, richer mix and marketing efforts.
Adjusted EBITDA margin was 8%, up 440 bps, driven by gross margin expansion of 490 bps thanks to price increases and product mix.
Adjusted EBITDA margin improved again this quarter, growing by 140 basis points to 7.7%, thanks to another quarter of gross margin growth, up 30 bps to 76.6%, combined with strict cost control.

Natura &Co closes sale of Aesop

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Wednesday, August 30, 2023

Avon International Marathon, The Body Shop, Natura & Co, Avon, NYSE, Aesop (brand), Sale, Retail, Aesop

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.

Key Points:

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.
Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand's presence across the globe.
We wish Aesop all the best for the next chapter as part of the L'Oréal Groupe."
Nicolas Hieronimus, Chief Executive Officer of L'Oréal Groupe, stated: "We are delighted to welcome Aesop to the L'Oréal Groupe family and thank Natura &Co for its guardianship over the years.

Natura &Co closes sale of Aesop

Retrieved on:

Wednesday, August 30, 2023

Avon International Marathon, The Body Shop, Natura & Co, Avon, NYSE, Aesop (brand), Sale, Retail, Aesop

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.

Key Points:

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.
Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand's presence across the globe.
We wish Aesop all the best for the next chapter as part of the L'Oréal Groupe."
Nicolas Hieronimus, Chief Executive Officer of L'Oréal Groupe, stated: "We are delighted to welcome Aesop to the L'Oréal Groupe family and thank Natura &Co for its guardianship over the years.

Natura &Co posts another quarter of constant currency sales growth and adjusted EBITDA improvement in Q2

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Tuesday, August 15, 2023

SÃO PAULO, Aug. 15, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted another quarter of sales growth in constant currency in the second quarter of 2023, while also continuing to improve its profit margins.

Key Points:

Natura &Co posted Q2 consolidated net revenue of R$ 7.8 billion, up 1.9% at constant currency (-4.1% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam.
Fabio Barbosa, Group CEO of Natura &Co, declared: "Natura & Co's second-quarter performance continued to show the improvement already observed in Q1, with low-single digit top line growth at constant currency and a significant improvement in adjusted EBITDA margin.
Natura &Co Latam's net sales were up by 5.8% in constant currency ("CC") and down 1.7% in BRL.
CC growth was driven by double-digit growth at the Natura brand (+19.5% at CC and +17.3% in BRL).

Natura &Co posts another quarter of constant currency sales growth and adjusted EBITDA improvement in Q2

Retrieved on:

Tuesday, August 15, 2023

SÃO PAULO, Aug. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted another quarter of sales growth in constant currency in the second quarter of 2023, while also continuing to improve its profit margins.

Key Points:

Natura &Co posted Q2 consolidated net revenue of R$ 7.8 billion, up 1.9% at constant currency (-4.1% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam.
Fabio Barbosa, Group CEO of Natura &Co, declared: "Natura & Co's second-quarter performance continued to show the improvement already observed in Q1, with low-single digit top line growth at constant currency and a significant improvement in adjusted EBITDA margin.
Natura &Co Latam's net sales were up by 5.8% in constant currency ("CC") and down 1.7% in BRL.
CC growth was driven by double-digit growth at the Natura brand (+19.5% at CC and +17.3% in BRL).

Natura &Co posts constant currency sales growth and profitability improvement in Q1

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Tuesday, May 9, 2023

SÃO PAULO, May 9, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the first quarter of 2023, with sales growth in constant currency and an improvement in profit margins.

Key Points:

Strong growth by Natura &Co Latam and Aesop;
SÃO PAULO, May 9, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the first quarter of 2023, with sales growth in constant currency and an improvement in profit margins.
Natura &Co posted Q1 consolidated net revenue of R$ 8 billion, up 3.4% at constant currency (-2.8% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam and Aesop.
From a revenue standpoint, the highlight remains the Natura brand, which continued its strong momentum from last year, with Natura Brazil sales growing 25%, led by volume and strong productivity growth.
Natura &Co Latam's net sales were up by 9% in constant currency ("CC) and up 2.4% in BRL.

Natura &Co posts constant currency sales growth and profitability improvement in Q1

Retrieved on:

Tuesday, May 9, 2023

SÃO PAULO, May 8, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the first quarter of 2023, with sales growth in constant currency and an improvement in profit margins.

Key Points:

Strong growth by Natura &Co Latam and Aesop;
SÃO PAULO, May 8, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the first quarter of 2023, with sales growth in constant currency and an improvement in profit margins.
Natura &Co posted Q1 consolidated net revenue of R$ 8 billion, up 3.4% at constant currency (-2.8% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam and Aesop.
From a revenue standpoint, the highlight remains the Natura brand, which continued its strong momentum from last year, with Natura Brazil sales growing 25%, led by volume and strong productivity growth.
Natura &Co Latam's net sales were up by 9% in constant currency ("CC) and up 2.4% in BRL.