Natura&Co published a net loss for the first quarter of 652.4 million reais on Monday evening, slightly higher than the negative result of 643 million suffered a year earlier.
The company’s net revenues decreased by 3%, to 8.02 billion reais.
The operating result, on the other hand, grew by 41.3%. Earnings before interest, taxes and amortization (Ebitda) was 841.7 million reais from January to the end of March. Group restructuring costs rose 6%, with some divisions of the company remaining under inflationary pressure.
In April, France’s L’Oreal reached an agreement to buy Aesop from Natura for $2.53 billion.
“Natura&Co’s performance in the first quarter is in line with our plan,” Executive Chairman Fabio Barbosa said in the report, adding that “major structural changes are underway in the portfolio.”
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
