L'Occitane: In the first quarter of fiscal year 2023, sales reached 416 million euros

On July 26, 2022, L'Occitane (L'Occitane) (00973.HK) announced that as of three months of June 30, 2022 (first quarter of fiscal 2023), the company's sales reached 416 million euros. According to the report, according to the report The exchange rate and fixed exchange rate calculations have double -digit growth, respectively, an increase of 23.4%and an increase of 15.8%.

In the comparable foundation (that is, comparable comprehensive and fixed exchange rate scope), the group's sales growth was 5.1%compared with the high base of 27.7%in the same quarter last year.

From the perspective of the brand division, the company's stable performance is driven by the core brand L ’Occitane En Provence (5.9%year -on -year), ELEMIS (9.8%year -on -year), and the included in Sol de Janeiro and Grown Alchemist. Sol de Janeiro has recently received a comprehensive account, but its remarkable sales growth has increased by more than 60%according to local currency computing compared to the same season last year.

As far as regional performance is concerned, sales of all regions have grown. Among them, the fastest growing areas are the Americas, a year -on -year increase of 55.5 %, followed by Europe, the Middle East and Africa, an increase of 10.3 %year -on -year. The Asia -Pacific region still records increased, an increase of 1.2%year -on -year.

Growth is driven by wholesale, an increase of 52.2%, mainly due to the acquisition of solid SOL de Janeiro. Retail channels recorded 10.4%of growth, because the European and American markets continued to be reopened, and online channels declined slightly, which met expectations, but the net sales volume remained at a high level of 29.5%.

All major channels have increased in the quarter. Wholesale and other aspects, chain wholesalers, distribution and tourism retail are particularly strong, because of domestic and international tourism in most markets rebounding. In terms of retail, the flow of people and passenger sales have increased. Although the retail sales rebounded strongly, the Group's online channels fell only 2.5%, and the net sales nets remained at a high level of 29.5%.

On June 30, 2022, the total number of self -employed retail stores was 1,375, from the beginning of the year to the present, the net closed 115 rooms. Since the Group's withdrawal of capital in June 2022, 110 shops closed in Russia.

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