Natura &Co net income more than doubles in Q3
Reported net income more than doubled in the third quarter, with a rise of 118% to R$132.8 million, driven by higher EBITDA and lower financial expenses.
- Reported net income more than doubled in the third quarter, with a rise of 118% to R$132.8 million, driven by higher EBITDA and lower financial expenses.
- Underlying operating income grew on an adjusted basis by 10.2% in the third quarter, to R$326.6 million, and by 30.4% in 9M18, to R$754.1 million.
- Net debt to EBITDA ratio improved to 3.27 times in Q3, from 3.52 times in the same period of last year, in line with expectations.
- Founded in 1969, Natura is a Brazilian multinational in the cosmetics and personal care segment, leader in direct sales.