×
221
Fashion Jobs
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Aurangabad
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
HERO HOUSING FINANCE LIMITED
Area Sales Manager
Permanent · Nagpur
KISHOR EXPORTS
Production Manager
Permanent · Ranchi
SNEHA SYNERGY SOLUTIONS PVT LTD
Production Manager in Manufacture Company at Sangareddy
Permanent · Sangareddy
CORPORATE RESOURCES
Manager – HR & Admin (Garments)
Permanent · Salem
ELECTRONICA FINANCE LTD
Area Sales Manager - Coimbatore Machinery Loan
Permanent · Coimbatore
CORPORATE RESOURCES
Area Sales Manager (Fmcg)
Permanent · Coimbatore
ZTT INDIA PRIVATE LIMITED
Production Manager
Permanent · Lady Lake
ACADECRAFT PVT. LTD.
Video Production Manager
Permanent · Noida
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Palakkad
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Kochi
PROPERTYXPO.COM
Area Sales Manager – Real Estate Portfolio Management Gurgaon
Permanent · Gurugram
INDOCO REMEDIES LTD
Senior Production Manager
Permanent · Navi Mumbai
LEVI'S
Manager, Global Security & Resilience, Asia
Permanent · Bengaluru
UNISON INTERNATIONAL CONSULTING PVT. LTD
Looking For a Manager – Quality For a Retail Brand in Mumbai
Permanent · Mumbai
LIMERICK BY ABIRR N' NANKI
Sales And Customer Relationship Manager
Permanent · GURUGRAM
METROPOLIS HEALTHCARE LIMITED
Territory Sales Manager @ Mumbai
Permanent · Mumbai
DR LAL PATHLABS
Area Sales Manager - Bangalore | dr Lal Path Labs
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager - Trivandrum | dr Lal Path Labs
Permanent · Thiruvananthapuram
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ernakulam
SQUARE YARDS CONSULTING PRIVATE LIMITED
Business Development Executive/Manager/Area Sales Manager
Permanent · Pune
Published
Jun 19, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Occitane sales and profits rise, expects major benefits from Elemis buy

Published
Jun 19, 2019

Hong Kong-listed beauty group L’Occitane said this week that its net profit in the year to March 31 soared almost 22%. It was above analysts’ predictions at €117.6 million (HK$1.03 billion), even though its revenue rise was more modest with an increase of just over 8% to almost €1.43 billion. 


L'Occitane



Revenue was helped by digital channels including its own e-commerce ops and marketplace sales.

CFO Thomas Levilion said the US, Russia and China were the fastest-growing markets, with currency-neutral rises of 31.8%, 12.2% and 12.1%, respectively. 

But company like-for-like (LFL) sales rose only 1.8% with varied performances across different markets. China’s 12.1% total sales rise was complemented by a 6.9% rise on an LFL basis, although that was much less than the 15.1% rise of a year earlier. And other Asian markets struggled. Taiwan was down 2.7% and Japan 0.3%. Hong Kong fell 2.6% with vice-chairman Andre Hoffmann saying the company saw falling sales there in H2 as retail slowed down and tourist spending declined.

Sales in Europe were also sluggish with the key French market’s net sales rising 0.8% but being affected by yellow vest protests that drove LFL sales down. And in the UK, net sales rose just 1.4%, again with a small dip in LFL sales. However, successful QVC programmes, the launch of LimeLife and further development of Erborian boosted turnover there.

L’Occitane remains upbeat and in expansion mode with plans for up to 35 new stores globally this year. It’s also predicting a profitability boost in the year ahead on the back of the acquisition of the UK’s Elemis, for which it sees major potential in Asia Pacific.

The firm spent US$900 million to buy upscale Elemis back in January and is working to take it into new markets as well as widening its distribution channels. The purchase was the firm’s biggest deal since its stock exchange listing in 2010.

Hoffmann said there are clear synergies between the two brands and they can learn from each other. He’s particularly interested in applying the Elemis digital experience to the wider L’Occitane business as the former currently gets 30% of its sales online compared to L’Occitane’s current 15%.

Copyright © 2021 FashionNetwork.com All rights reserved.