L’Occitane’s revenue up by 12.9% in H1
Between April and September, the operating income for the group, which owns the L’Occitane en Provence, Elemis and Melvita brands, was €78.8 million, up by 143.8% compared to the same period last year. Net income was €60.6 million, up by 262%. The comparison basis is extremely favourable since, a year ago, the Covid-19 pandemic forced many of the group’s stores to close.
In the period, sales for L’Occitane in Provence amounted to €529.8 million, compared with €462.3 million the previous year, and accounted for 76.1% of L’Occitane’s total sales. Elemis generated sales worth €86.8 million, Limelife sales worth €37.2 million, and the group’s other brands, which include Melvita, Erborian and L’Occitane in Brazil, sales worth €43 million.
With a revenue of €124.1 million, compared to €97.4 million a year earlier, China was the main market for L’Occitane, and accounted for 17.8% of the group’s sales. Japan accounted for 12.8% of sales with a revenue of €88.9 million, barely up from the €88.3 million generated in the same period last year. The USA, where L’Occitane restructured its organisation at the start of the year, notably filing for Chapter 11 bankruptcy protection, generated sales worth €72.1 million.
France, which accounts for 5.9% of the group’s revenue, reported sales of €40.7 million, compared with €37.5 million in H1 2020-21.
Copyright © 2023 FashionNetwork.com All rights reserved.