L'Occitane 0973

Re: L'Occitane 0973

Postby winston » Tue Oct 23, 2012 7:15 am

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L'OCCITANE (00973.HK) records sales growth 21.9%; SSSG 2.6% in IR

L'OCCITANE (00973.HK)’s net sales were EUR449.2 million, recording an increase of 21.9% compared
with the six months ended 30 September, 2011.

Local currency growth was 13.5%.

The growth in sales was primarily driven by the United States, Hong Kong, Russia and China.

Russia and China were among the fastest growing countries (35.0% and 22.7%, respectively).

During the period, overall same store sales growth was 2.6%.

The net own stores openings were 57 over the 6 months ended 30 September 2012 (compared to 56 over the same period last year).


Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Tue Nov 27, 2012 5:27 pm

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L'OCCITANE (00973.HK) interim NP rises 16%; nil div

L'OCCITANE (00973.HK) reported net sales growth of 21.9% year-on-year, to EUR450 million in the interim results ended September.

Net profit grew 16.3% from a year back to EUR33.67 million, representing earnings per share of EUR0.023.

No interim dividend was declared.

During the period, same store sales added 2.6%.

As of late September, the company opened 57 self-operation stores.


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Re: L'Occitane 0973

Postby winston » Wed Nov 28, 2012 2:23 pm

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L'OCCITANE (00973.HK) rated Neutral with TP lifted to $22 by JPM

L'OCCITANE (00973.HK)'s first-half net profit jumped 16% year-on-year to EUR34 million, 9% lower than the forecast of J.P. Morgan mainly due to exchange loss and higher-than-expected finance costs.

However, operational data are in line with the broker's predictions, with operating profit up 28%.

J.P. Morgan lowered its 2013 - 14 earnings forecasts for L'OCCITANE by 3% and 0.5% respectively.

L'OCCITANE was maintained Neutral with target lifted to $22 from $18.


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Re: L'Occitane 0973

Postby winston » Mon Dec 03, 2012 2:08 pm

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L'OCCITANE (00973.HK) rated Buy with TP lifted to $26.9 - UBS

L'OCCITANE (00973.HK) posted the best results in the third quarter with sales accounting for 34% of the full-year sales, said UBS, citing improved Christmas products and cooler weather in November.

As L'OCCITANE plans to continue to invest in shop opening and renovation, UBS lifted slightly its same-store-sales forecasts for the former but lowered the 2013-14 earnings per share forecasts by 5%.

L'OCCITANE was maintained Buy with target lifted to $26.9 from $23.2.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Fri Jan 11, 2013 11:27 am

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<Research Report>L'OCCITANE (00973.HK) initiated at Buy by Deutsche

L'OCCITANE (00973.HK), a leader in the global cosmetics and skincare industry, will very probably benefit from the recent demand recovery, said Deutsche Bank, who expects the former's business growth in 2012 - 16 will be a double of the industry growth.

L'OCCITANE was initiated at Buy with target set at $30.66, which represents 26.2 times projected 2013 earnings and 22 times projected 2014 earnings.

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Re: L'Occitane 0973

Postby winston » Wed Jan 30, 2013 3:45 pm

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<Research Report>L'OCCITANE (00973.HK) downgraded to Underperform, TP kept at $20 by CS

L'OCCITANE (00973.HK)'s third-quarter sales grew 12.5%, the lowest pace in two years, and its 4% same store sales growth also missed projection, Credit Suisse said in a report.

As such, the broker downgraded L'OCCITANE from Neutral to Underperform with target price kept at $20.

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Re: L'Occitane 0973

Postby winston » Wed Apr 10, 2013 8:18 pm

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L'OCCITANE (00973.HK) rated Buy with target cut to $26 by UBS
2013-04-10

UBS noted in a research report that it lowered the 2014 forecast EPS of L'OCCITANE (00973.HK) by 8% to 0.1 euro.

It maintained the Buy rating, with target price slashed from $26.9 to $26.

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Re: L'Occitane 0973

Postby winston » Mon Jun 17, 2013 8:47 pm

L'OCCITANE (00973.HK) aims at 130-150 net opening of shops
2013-06-17

L'OCCITANE (00973.HK) Chairman Reinold Geiger said in the results meeting that the capital expenditure of last year reached 101 million euro, and he expects the reading will fall to 90 million and 80 million euors in this and next fiscal year.

The expenditure will be mainly used for shop opening, shop renovation and development of plants.

He added that over the next three years, the Group will maintain the pace of a global net shop opening of 130-150 annually, but the potential in Hong Kong and Singapore is limited.


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Re: L'Occitane 0973

Postby winston » Mon Jun 17, 2013 8:53 pm

L'OCCITANE (00973.HK) annual NP rises 1.3% to EUR123M
2013-06-17

L'OCCITANE (00973.HK) reported its net profit grew 1.3% to EUR123 million in the annual result ended March 2013.

Earnings per share were EUR0.083.

The company proposed to distribute a final dividend of EUR0.0292, up 18.2% year-on-year.

The dividend payout ratio was 35%.


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Re: L'Occitane 0973

Postby winston » Tue Jun 18, 2013 6:14 am

Beauty comes at a price as sales ride China wave

French skincare retailer L'Occitane International (0973) will hike product prices worldwide by 3 percent on average this year.

This comes as net profit rose 1.3 percent to 123 million euros (HK$1.3 billion) for the year to March 31 and earnings per share jumped 1.6 percent to 0.083 euro.

The final dividend has been fixed at 0.0292 euro, reflecting a payout ratio hike - to 35 percent from 30 percent.

Net sales rose 14.2 percent to 1.043 billion euros, while the current year's sales target of 1 billion euros has already been exceeded.

Net mainland sales surged 24 percent, making it the firm's second-largest market.

Chairman and chief executive Reinold Geiger said despite slower economic growth, the mainland will remain a key market.

L'Occitane currently offers 170 product varieties in the mainland and Geiger expects the figure to double by the end of next year.

Net sales in largest market Japan grew by less than 1 percent, while same-store sales fell by 4.9 percent. But plans for more stores will not change as Japan remains profitable.

Worldwide, plans are to open 130 to 150 outlets annually, though Hong Kong and Singapore will likely miss out, Geiger said.

European business, however, was "disastrous," he said, especially in Spain, Italy and Portugal where profits stayed flat.

http://www.thestandard.com.hk/news_deta ... 30618&fc=2
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