L’Occitane Group annual sales rise as Sol de Janeiro becomes second-largest brand - Indoors Beauty

L’Occitane Group annual sales rise as Sol de Janeiro becomes second-largest brand

L’Occitane Group annual sales rise as Sol de Janeiro becomes second-largest brand

L’Occitane Group has reported a 17.9% enhance in sales to £1.8 billion (€2.1 billion) for the full-year ending 31 March 2023, boosted by “stellar” progress from Sol de Janeiro.

Sales within the fourth quarter had been up 20.6% to £458 million (€524.5 million), with Sol de Janeiro and Elemis reporting rises of 284% and 17.8%, respectively. L’Occitane en Provence sales dropped 0.6% in This fall.

For the full-year, L’Occitane Group shared the next particular person brand outcomes:

  • L’Occitane en Provence sales up 2.3% to £1.2 billion (€1.4 billion).
  • Elemis sales up 13.1% to £223 million (€255 million).
  • Sol de Janeiro sales up from £22 million (€26 million) to £233 million (€267 million).
  • Other brand sales up 13.1% to £166 million (€190.5 million).

For regional efficiency, the Americas led the group’s progress at 80.4%. However, the EMEA area reported a sales decline of 1.1%, primarily as a result of divestiture of Russia in June 2022.

Wholesale rose 59.6%, helped by progress in wholesale chains, worldwide distribution and journey retail.

Online channels posted progress of 9.3%, primarily pushed by the efficiency of Sol de Janeiro. Excluding Sol de Janeiro, on-line sales declined as a result of return of visitors to brick-and-mortar channels.

Retail sales elevated 0.2%, however had been affected by the divestiture of Russia, retailer closures in China as a consequence of COVID-19 outbreaks, and the closure of some personal shops.

André Hoffmann, Vice-Chairman and CEO of L’Occitane Group, mentioned: “We are well-positioned to maintain progress within the coming 12 months as we introduce our newer manufacturers into new markets and channels.

“The ongoing success of our multi-brand technique is changing into extra obvious with Sol de Janeiro now our second-largest brand, lower than 18 months since its acquisition.

“We additionally continued to make stable progress within the ESG house having lately introduced a roadmap for reaching a science-based net-zero goal throughout all of our manufacturers.”

Earlier this week, L’Occitane Group unveiled its three-pillar technique to assist cut back its greenhouse fuel emissions by 2031 and obtain net-zero emissions by 2050.

To develop its technique, the group has been accumulating knowledge masking all direct and oblique emission sources since its first carbon evaluation in 2008.

The three-pillars embody lowering emissions from power consumption, lowering shared-responsibility emissions, and conserving and restoring ecosystems to neutralise residual emissions.

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