LONDON — Strong performances in Japan, Hong Kong, the U.K., Brazil, China and Russia helped L’Occitane register a 13.9 percent sales spike in its fiscal year ended March 31.
The French natural beauty company, which listed on Hong Kong’s stock exchange in May, generated revenues of 612.2 million euros, or $865.5 million at average exchange, in the 12-month period. Profits attributed to equity holders increased 39.8 percent on-year to 81.6 million euros, or $115.4 million. It’s a number that’s 10.6 percent higher than the estimates released at the time of its initial public offering, according to the company. Operating profits gained 36.9 percent to 110.2 million euros, or $155.8 million.
“Despite a challenging business environment, we managed to deliver an encouraging set of results for the first time as a listed company,” stated Reinold Geiger, chairman and chief executive officer of L’Occitane. “This demonstrates the company’s strong brand equity and sound planning and execution capability driven by a clear principle for pursuing profitable growth.”
The company said it plans to increase its retail store count internationally.