not vested
Jefferies Cuts L'OCCITANE (00973.HK) TP to $30.2, Rating Buy
L'OCCITANE (00973.HK) 's management guided to lift marketing expenses to approximately 20% of sales from FY2024, with key investment in core L'OCCITANE brand and Elemis, Jefferies quoted in its report.
Harnessing new product formulations and new market channels, L'OCCITANE targeted to maintain sales of EUR3 billion and an operating margin of 16% in FY2026.
Related News: L'OCCITANE Annual Net Profit EUR115M, Down 52.4%; Final Div Cut to EUR3.129 Cents
The broker trimmed the TP on L'OCCITANE from $34.7 to $30.2, with rating kept Buy.
Source; AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... 274799/all
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L'Occitane 0973
Re: L'Occitane 0973
by winston » Tue Jun 27, 2023 12:32 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: L'Occitane 0973
by winston » Tue Jun 27, 2023 12:34 pm
not vested
HSBC Global Research Downgrades L'OCCITANE (00973.HK) to Hold, TP Cut to $25
HSBC Global Research issued a rating report on L'OCCITANE (00973.HK), saying that its brands Elemis and Sol de Janeiro, have recently made very strong additions to the group's investment portfolio and reported very strong revenue growth and stable operating profit.
The bank said the group's underlying EBIT margin was actually better than expected, but was impaired by the closure of its Russian operations and other factors, which ultimately made it underperform the expectations.
Related News: CLSA Downrates L'OCCITANE (00973.HK) to Outperform, TP Declines to $26.1
HSBC lowered L'OCCITANE's EBIT forecast by 17% and earnings forecast by 19%, as the group expects to invest more again in FY24 and proposed an EBIT margin guidance of 12%.
The broker lowered its target price from $32 to $25 and downgraded its rating to Hold.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... 274797/all
HSBC Global Research Downgrades L'OCCITANE (00973.HK) to Hold, TP Cut to $25
HSBC Global Research issued a rating report on L'OCCITANE (00973.HK), saying that its brands Elemis and Sol de Janeiro, have recently made very strong additions to the group's investment portfolio and reported very strong revenue growth and stable operating profit.
The bank said the group's underlying EBIT margin was actually better than expected, but was impaired by the closure of its Russian operations and other factors, which ultimately made it underperform the expectations.
Related News: CLSA Downrates L'OCCITANE (00973.HK) to Outperform, TP Declines to $26.1
HSBC lowered L'OCCITANE's EBIT forecast by 17% and earnings forecast by 19%, as the group expects to invest more again in FY24 and proposed an EBIT margin guidance of 12%.
The broker lowered its target price from $32 to $25 and downgraded its rating to Hold.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... 274797/all
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: L'Occitane 0973
by winston » Tue Jul 25, 2023 9:56 pm
not vested
L’Occitane owner mulling buyout of US$4b beauty firm
Source: Bloomberg
https://theedgemalaysia.com/node/676033
L’Occitane owner mulling buyout of US$4b beauty firm
Market value of about HK$30.9 billion (RM18.04 billion).
A vehicle ultimately controlled by Geiger owns more than 70% of L’Occitane.
The company’s portfolio includes L’Occitane en Provence, Melvita organic beauty products. Elemis line of collagen creams, Grown Alchemist range of anti-ageing serums and Korean skincare brand Erborian.
Geiger may consider relisting L’Occitane in Paris or another European market at a later date,
Source: Bloomberg
https://theedgemalaysia.com/node/676033
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Re: L'Occitane 0973
by winston » Thu Jul 27, 2023 9:27 am
not vested
L'OCCITANE Clarifies: No Privatization Offer/ Restructuring Proposal Received
L'OCCITANE (00973.HK) clarified that the company has not received from its controlling shareholder or other persons any offer or proposal to privatize the company or restructure the group and pursue listings on other stock exchanges.
The company confirmed that it has no plan to restructure the group and pursue listings on other stock exchanges.
At the moment, the company has confirmed that it does not have any undisclosed inside information.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
L'OCCITANE Clarifies: No Privatization Offer/ Restructuring Proposal Received
L'OCCITANE (00973.HK) clarified that the company has not received from its controlling shareholder or other persons any offer or proposal to privatize the company or restructure the group and pursue listings on other stock exchanges.
The company confirmed that it has no plan to restructure the group and pursue listings on other stock exchanges.
At the moment, the company has confirmed that it does not have any undisclosed inside information.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: L'Occitane 0973
by winston » Tue Sep 05, 2023 10:33 am
vested
L'OCCITANE Controlling Shareholder Foregoes Potential General Offer
L'OCCITANE (00973.HK) announced in mid-August that the Company had been informed by its controlling shareholder, L’Occitane Groupe S.A., that it was contemplating a possible transaction, and assuming that it was feasible and if it proceeded, it was contemplated that the controlling shareholder would make a conditional voluntary general offer.
The board of directors of the Company announced that, it was informed by the controlling shareholder on 3 September 2023 that it has decided not to proceed with the Possible Transaction.
Application has been made by the Company to the Stock Exchange for the resumption of trading in the shares of the Company with effect from 9:00 a.m. on 5 September 2023.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
L'OCCITANE Controlling Shareholder Foregoes Potential General Offer
L'OCCITANE (00973.HK) announced in mid-August that the Company had been informed by its controlling shareholder, L’Occitane Groupe S.A., that it was contemplating a possible transaction, and assuming that it was feasible and if it proceeded, it was contemplated that the controlling shareholder would make a conditional voluntary general offer.
The board of directors of the Company announced that, it was informed by the controlling shareholder on 3 September 2023 that it has decided not to proceed with the Possible Transaction.
Application has been made by the Company to the Stock Exchange for the resumption of trading in the shares of the Company with effect from 9:00 a.m. on 5 September 2023.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: L'Occitane 0973
by winston » Wed Oct 25, 2023 7:14 am
not vested
Mainland helps L'Occitane shine
L'Occitane International (0973) marked up 18.5 percent year-on-year growth in net sales to EUR1.07 billion (HK$8.88 billion) in the six months to the end of September.
The growth was driven mainly by the performance of Sol de Janeiro and the steady growth of L'Occitane en Provence with the recovering trend in China.
By regions, the Americas led the growth with 55.7 percent, mostly due to Sol de Janeiro in the United States.
The Asia Pacific region grew by 0.1 percent, or 9.2 percent at constant rates, mostly because of the 28 percent growth at constant rates in China.
Sales in Europe, the Middle East and Africa rose by 3.6 percent, mainly due to Sol de Janeiro's strong growth.
In terms of channel performance, wholesale and others led the growth with 44.9 percent at constant rates, with dynamic growth in wholesale chains and international distribution, the company said.
Online sales surged by 26.9 percent at constant rates, thanks to the strong performance of Sol de Janeiro and L'Occitane en Provence's recently launched marketplace channel in China.
For the third quarter, net sales rose 17.1 percent to EUR569.8 million.
Source: The Standard
https://www.thestandard.com.hk/section- ... tane-shine
Mainland helps L'Occitane shine
L'Occitane International (0973) marked up 18.5 percent year-on-year growth in net sales to EUR1.07 billion (HK$8.88 billion) in the six months to the end of September.
The growth was driven mainly by the performance of Sol de Janeiro and the steady growth of L'Occitane en Provence with the recovering trend in China.
By regions, the Americas led the growth with 55.7 percent, mostly due to Sol de Janeiro in the United States.
The Asia Pacific region grew by 0.1 percent, or 9.2 percent at constant rates, mostly because of the 28 percent growth at constant rates in China.
Sales in Europe, the Middle East and Africa rose by 3.6 percent, mainly due to Sol de Janeiro's strong growth.
In terms of channel performance, wholesale and others led the growth with 44.9 percent at constant rates, with dynamic growth in wholesale chains and international distribution, the company said.
Online sales surged by 26.9 percent at constant rates, thanks to the strong performance of Sol de Janeiro and L'Occitane en Provence's recently launched marketplace channel in China.
For the third quarter, net sales rose 17.1 percent to EUR569.8 million.
Source: The Standard
https://www.thestandard.com.hk/section- ... tane-shine
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Re: L'Occitane 0973
by winston » Wed Nov 29, 2023 10:26 am
vested
HIGHLIGHTS
The Group’s net sales grew 24.9% at constant rates to exceed €1 billion, mainly contributed by the stellar growth of Sol de Janeiro as well as the decent growth of L’OCCITANE en Provence, particularly in China.
Gross profit margin remained high at 78.3%, although it represented a decrease of 1.9 points as compared to the same period last year, due mainly to the higher sales contribution from brands that have a higher wholesale mix, such as Sol de Janeiro and ELEMIS.
Operating profit reached €76.8 million, a decrease of 11.8% as compared to the same period last year. This was mainly a result of the Group’s significantly higher marketing investments allocated for key brands in strategic markets and channels.
On a management basis, i.e. excluding the losses/profits in joint ventures and associates, the operating profit margin in FY2024 H1 was 8.4%, a decrease of 3.1 points as compared to the management operating profit margin of FY2023 H1.
https://www1.hkexnews.hk/listedco/listc ... 800267.pdf
HIGHLIGHTS
The Group’s net sales grew 24.9% at constant rates to exceed €1 billion, mainly contributed by the stellar growth of Sol de Janeiro as well as the decent growth of L’OCCITANE en Provence, particularly in China.
Gross profit margin remained high at 78.3%, although it represented a decrease of 1.9 points as compared to the same period last year, due mainly to the higher sales contribution from brands that have a higher wholesale mix, such as Sol de Janeiro and ELEMIS.
Operating profit reached €76.8 million, a decrease of 11.8% as compared to the same period last year. This was mainly a result of the Group’s significantly higher marketing investments allocated for key brands in strategic markets and channels.
On a management basis, i.e. excluding the losses/profits in joint ventures and associates, the operating profit margin in FY2024 H1 was 8.4%, a decrease of 3.1 points as compared to the management operating profit margin of FY2023 H1.
https://www1.hkexnews.hk/listedco/listc ... 800267.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: L'Occitane 0973
by winston » Fri Jan 19, 2024 4:51 pm
not vested
L`OCCITANE(973)
Analysis：
Despite the difficult market context, L`OCCITANE`s (973) interim results for the six months ended 30 September 2023 managed to post steady growth.
The Group`s reported net sales amounted to EUR 1072 million in FY2024 H1, representing sales growth of 24.9% at constant rates and 18.5% at reported rates, as compared to FY2023 H1.
The growth was mainly driven by the stellar performance of Sol de Janeiro and the steady growth of L`OCCITANE en Provence with the recovering trend in China.
The Group`s total number of retail locations increased from 2,774 as at 31 March 2023 to 3,292 as at 30 September 2023, an increase of 518 locations or 18.7%.
The number of own retail stores increased from 1,362 as at 31 March 2023 to 1,364 as at 30 September 2023.
The Group continues to strengthen its position as a competitive multi-brand, generationally appealing and geographically balanced organization.
It is expanding Sol de Janeiro into new product categories that are equally sought after as its core products, proactively implementing a premiumization plan for ELEMIS to enhance its long-term growth and profitability and adjusting its channel strategy across its business to enhance the image of its brands. (I do not hold the above stock)
Strategy：
Buy-in Price: $22.50, Target Price: $25.00, Cut Loss Price: $21.00
Source: Phillips
L`OCCITANE(973)
Analysis：
Despite the difficult market context, L`OCCITANE`s (973) interim results for the six months ended 30 September 2023 managed to post steady growth.
The Group`s reported net sales amounted to EUR 1072 million in FY2024 H1, representing sales growth of 24.9% at constant rates and 18.5% at reported rates, as compared to FY2023 H1.
The growth was mainly driven by the stellar performance of Sol de Janeiro and the steady growth of L`OCCITANE en Provence with the recovering trend in China.
The Group`s total number of retail locations increased from 2,774 as at 31 March 2023 to 3,292 as at 30 September 2023, an increase of 518 locations or 18.7%.
The number of own retail stores increased from 1,362 as at 31 March 2023 to 1,364 as at 30 September 2023.
The Group continues to strengthen its position as a competitive multi-brand, generationally appealing and geographically balanced organization.
It is expanding Sol de Janeiro into new product categories that are equally sought after as its core products, proactively implementing a premiumization plan for ELEMIS to enhance its long-term growth and profitability and adjusting its channel strategy across its business to enhance the image of its brands. (I do not hold the above stock)
Strategy：
Buy-in Price: $22.50, Target Price: $25.00, Cut Loss Price: $21.00
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: L'Occitane 0973
by winston » Fri Feb 02, 2024 9:45 am
not vested
L`OCCITANE(973)
Analysis：
L`OCCITANE (973) recently announced the quarterly update for the three months ended 31 December 2023 (``FY2024 Q3``) and nine months ended 31 December 2023 (``FY2024 9M``).
The Group sustained its solid sales momentum in FY2024 Q3, with sales reaching Eur 1,915.3 million in FY2024 9M, representing growth of 18.9% at reported rates and 24.8% at constant rates.
The growth was mainly driven by the continued outperformance of Sol de Janeiro and the decent performance of ELEMIS.
L`OCCITANE en Provence slightly slowed down as compared to FY2024 H1, a result of tougher conditions elsewhere in EMEA and in the travel retail channel, but partially offset by continued nice growth in China and strong holiday performances in the US and the UK. (I do not hold the above stock)
Strategy：
Buy-in Price: $24.20, Target Price: $26.80, Cut Loss Price: $23.00
Source: Phillips
L`OCCITANE(973)
Analysis：
L`OCCITANE (973) recently announced the quarterly update for the three months ended 31 December 2023 (``FY2024 Q3``) and nine months ended 31 December 2023 (``FY2024 9M``).
The Group sustained its solid sales momentum in FY2024 Q3, with sales reaching Eur 1,915.3 million in FY2024 9M, representing growth of 18.9% at reported rates and 24.8% at constant rates.
The growth was mainly driven by the continued outperformance of Sol de Janeiro and the decent performance of ELEMIS.
L`OCCITANE en Provence slightly slowed down as compared to FY2024 H1, a result of tougher conditions elsewhere in EMEA and in the travel retail channel, but partially offset by continued nice growth in China and strong holiday performances in the US and the UK. (I do not hold the above stock)
Strategy：
Buy-in Price: $24.20, Target Price: $26.80, Cut Loss Price: $23.00
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: L'Occitane 0973
by winston » Mon Jun 17, 2024 6:02 pm
not vested
L'OCCITANE Controlling Shareholder Proposes Privatization at $34/ Shr or w/ Rollover Shrs; Trading to Resume PM
L'Occitane Groupe S.A. (LOG), a controlling shareholder of L'OCCITANE (00973.HK) with a 72.63% stake, had proposed to privatize L'OCCITANE in late April.
L'OCCITANE later announced the relevant revised privatization proposal, and that a new registered holding company, L'Occitane Holding S.A., was established in connection with the privatization as the Offeror to make the Offer and issue the Rollover Shares under the Share Options.
Minority Shareholders will have the option to choose between a cash offer of $34 per share or an exchange of each Offer Share for 10 Rollover Shares of L'Occitane Holding S.A. in acceptance of the Privatization Offer.
The Share Options are subject to a maximum of approximately 73.7431 million Offer Shares, representing 5% of the total issued and outstanding shares of the Company.
LOG has received Irrevocable Undertakings, which amount to, in aggregate 104 million Offer Shares, representing approximately 7.06% of the issued and outstanding share capital of the Company and 25.78% of the Offer Shares held by Disinterested Shareholders.
In addition, according to the Non-binding Letters of Support, holders of approximately 37.3972 million Offer Shares indicated their intention to accept or procure acceptance of the Share Offer, representing approximately 2.54% of the issued and outstanding share capital of the Company and 9.27% of the Offer Shares held by Disinterested Shareholders.
Global Alpha undertook to LOG that it will recommend to its clients that they accept the Share Offer and receive the Offer Price in cash, involving approximately 0.79% of the issued and outstanding share capital of the Company and 2.9% of the Offer Shares held by Disinterested Shareholders
Trading in the Shares of L'OCCITANE has been suspended since 9:00 a.m. today (17th) and an application has been made for resumption of trading from 1:00 p.m. onwards.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
L'OCCITANE Controlling Shareholder Proposes Privatization at $34/ Shr or w/ Rollover Shrs; Trading to Resume PM
L'Occitane Groupe S.A. (LOG), a controlling shareholder of L'OCCITANE (00973.HK) with a 72.63% stake, had proposed to privatize L'OCCITANE in late April.
L'OCCITANE later announced the relevant revised privatization proposal, and that a new registered holding company, L'Occitane Holding S.A., was established in connection with the privatization as the Offeror to make the Offer and issue the Rollover Shares under the Share Options.
Minority Shareholders will have the option to choose between a cash offer of $34 per share or an exchange of each Offer Share for 10 Rollover Shares of L'Occitane Holding S.A. in acceptance of the Privatization Offer.
The Share Options are subject to a maximum of approximately 73.7431 million Offer Shares, representing 5% of the total issued and outstanding shares of the Company.
LOG has received Irrevocable Undertakings, which amount to, in aggregate 104 million Offer Shares, representing approximately 7.06% of the issued and outstanding share capital of the Company and 25.78% of the Offer Shares held by Disinterested Shareholders.
In addition, according to the Non-binding Letters of Support, holders of approximately 37.3972 million Offer Shares indicated their intention to accept or procure acceptance of the Share Offer, representing approximately 2.54% of the issued and outstanding share capital of the Company and 9.27% of the Offer Shares held by Disinterested Shareholders.
Global Alpha undertook to LOG that it will recommend to its clients that they accept the Share Offer and receive the Offer Price in cash, involving approximately 0.79% of the issued and outstanding share capital of the Company and 2.9% of the Offer Shares held by Disinterested Shareholders
Trading in the Shares of L'OCCITANE has been suspended since 9:00 a.m. today (17th) and an application has been made for resumption of trading from 1:00 p.m. onwards.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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