L'Occitane 0973

Re: L'Occitane 0973

Postby winston » Mon Dec 13, 2010 9:22 am

Placement

The board of Directors (the “Board”) of L’Occitane International S.A. (the “Company”) has been informed by L’Occitane Groupe S.A. (“LOG”), the controlling shareholder of the Company, that LOG has on 10 December 2010 entered into a placing agreement (the “Placing Agreement”) with, in alphabetical order, CLSA Limited, The Hongkong and Shanghai Banking Corporation Limited and UBS AG, Hong Kong Branch as placing agents (the “Placing Agents”) for the placing of 50,000,000 ordinary shares of EUR0.03 each in the share capital of the Company (the “Placing Shares”).

The placing of the Placing Shares (the “Placing”) represents a total of approximately
3.4% of the total issued shares of the Company as at the date of this Announcement,
at a price of HK$21.14 per Share (before deducting the commissions and fees paid
or payable to the Placing Agents, transaction fees and levies and related stamp duty).

http://www.hkexnews.hk/listedco/listcon ... 212045.pdf
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Re: L'Occitane 0973

Postby winston » Mon Dec 13, 2010 9:29 am

Not vested

DJ L'Occitane: Controlling Shareholder Seeks To Raise HK$1.06 Bln In Placement

HONG KONG (Dow Jones)--L'Occitane International SA (0973.HK) said Sunday its controlling shareholder, L'Occitane Group SA, plans to raise HK$1.06 billion (US$136 million) in a share placement.

The Hong Kong-listed company said in a statement L'Occitane Group has entered into a placing agreement to sell 50 million shares at HK$21.14 each, the bottom of the indicative range.

L'Occitane Group's stake in the French retailer will be reduced to 69.2% from 72.6% after the placement, it said.

According to a term sheet seen by Dow Jones Newswires on Friday, the owner of the French skincare and personal care products maker and retail chain had planned to sell 40 million shares for between HK$21.14 and HK$21.96 each.

Source: Joanne Chiu, Dow Jones Newswires
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Re: L'Occitane 0973

Postby winston » Mon Dec 20, 2010 7:32 am

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Cosmetics maker charts expansion by Mandy Lo
Monday, December 20, 2010

French cosmetics firm L'Occitane (0973) aims to double sales in five years by expanding its retail network in emerging and developed markets, Asia Pacific president Andre Hoffmann told The Standard.

Based on its turnover of 612.2 million euros (HK$6.26 billion) for the financial year ended March 31, L'Occitane needs to increase sales by 15 percent each year to 2015 to achieve the goal.

The firm got off to a great start in the United States, Hoffmann said, as sales there soared 26 percent last month on Black Friday which marks the start of the US holiday sales. "This is far, far above the overall retail market in US, so we hope the momentum will continue," he said.

"I predict in the next five years China will have a very strong double-digit growth," he said. China may be L'Occitane's fourth biggest market in five years.

The firm opened 14 new mainland stores in the first half ended September 30 and expects to open 13 more in the second half, taking the total to 100 in early 2012.

"We are investing in both emerging markets and developed economies," Hoffmann said. "We still have many new stores to open because there are many cities where we are not present," he said, adding that the firm is interested in tapping Cambodia and Laos.

L'Occitane may open six to seven stores to add to the 18 it already has in Hong Kong.

And it is renovating many of its current outlets around the world. Hoffmann said the company's first share placement in Hong Kong on December 10 was in reply to requests from institutional investors to increase liquidity and shares, after the lock- up period of the initial public offering expired.

The firm has no financing need as it is sitting on more than 270 million euros in cash and uptapped bank facilities of 300 million euros.

L'Occitane's share price surged 3.55 percent to HK$21.90 on Friday, a rise of 45.2 percent from its offer price of HK$15.08 when it listed in May.


http://www.thestandard.com.hk/news_deta ... 01220&fc=1
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Re: L'Occitane 0973

Postby winston » Tue Jan 11, 2011 5:46 pm

Just noticed that some Shangri La hotels have stopped using L'Occitane products. They are starting to use their own house brand now.

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Re: L'Occitane 0973

Postby winston » Fri Mar 11, 2011 10:29 am

Not vested.

Down 4.5% on no news.

PE still high at 28
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Re: L'Occitane 0973

Postby winston » Tue Jun 28, 2011 8:09 am

winston wrote:Just noticed that some Shangri La hotels have stopped using L'Occitane products. They are starting to use their own house brand now.


Just noticed that some Shangri La hotels are using L'Occitane products for their Horizon Club rooms but "house brand" for the normal rooms.

=====================================


Cosmetics maker goes for growth
Tuesday, June 28, 2011

French cosmetics maker L'Occitane International (0973) plans to invest 40 million euros (HK$443.3 million) opening stores in emerging and developed markets before the end of March, managing director Andre Hoffmann said yesterday.

Thirty of the stores will be in the mainland, up from 24 openings in the past year.

The openings will come after net profit for the year ended March 31 rose 22.3 percent to 99.5 million euros, or 0.068 euro per share, on sales that grew 26.1 percent to 772.3 million euros.

L'Occitane's focus on China is more than just cosmetic, given its contribution to revenues showed the heftiest growth - up by 59.5 percent, or 12.24 million euros - followed by Russia's 50.3 percent, or 11.08 million euros.

Japan remained the largest market, contributing 24.6 percent, or 190.28 million euros, to net sales.

Hong Kong came in fourth, at 71.17 million euros, or 9.2 percent.


http://www.thestandard.com.hk/news_deta ... 10628&fc=2
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Re: L'Occitane 0973

Postby winston » Mon Jul 18, 2011 7:38 am

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With 57 million tourists from the mainland spending US$50 billion (HK$389 billion) overseas last year and more to come, top brands are first choices.

Cosmetics and care enterprise L`Occitane International (0973) fits.

HSBC just lifted its target price to HK$24. I see a 20 percent upside on last week's closing.

Source: Dr. Check, The Standard HK
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Re: L'Occitane 0973

Postby winston » Thu Sep 29, 2011 10:43 am

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L'Occitane (973 HK, Buy) - In the demographic and economic sweet spots( HKD15.96 / PT: HKD22.90 )

Action: Growth story with a diversified exposure; initiate with BUY

L’Occitane’s diversified exposure to developed and emerging cosmetics markets, and rapid expansion with new outlets, should keep its growth rates ticking.

It has internal targets to double revenues and earnings, and increase store count by around 650 (from current 895) over the next five years.

We estimate top- and bottom-line CAGRs of 16% and 17.9%, respectively, over the next four years, underpinned by strong profitability and a solid balance sheet (FY12F ROE of ~20% and a net cash position).

Source: Nomura
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Re: L'Occitane 0973

Postby winston » Thu Oct 20, 2011 4:15 pm

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DJ MARKET TALK: UBS Cuts L'Occitane Target To HK$22.90, But Keeps Buy

1601 [Dow Jones] STOCK CALL: UBS cuts L'Occitane (0973.HK) target to HK$22.90 from HK$25.40, after lowering its FY12 EPS forecast by 9% as the house expects lower same-store sales in Japan/Brazil, lower FY12 gross margin, and higher FY12 operating expense.

"While we believe potential street earnings downgrades ahead of interim results due Nov. 28 could bring volatility, we believe L'Occitane's aspirational brand appeal and strong 2H seasonality should help support a re-rating."

It keeps a Buy call. The stock is down 2.8% at HK$15.84.

Source: Dow Jones Newswire
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Re: L'Occitane 0973

Postby winston » Tue Nov 29, 2011 4:31 am

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L'Occitane spending dents interim profit
Tuesday, November 29, 2011

L'Occitane International (0973) said yesterday that its interim net profit fell by 1.3 percent to 29.8 million euros (HK$310 million) from a year ago due to heavy investments.

The cosmetics company, famous for its natural and organic products, is the first French company to list on the local board. It sells body-care products through 1,899 locations worldwide.

Total net sales rose 11.3 percent year on year to 368.5 million euros in the six- month period ended September 30, thanks to a strong performance in BRIC (Brazil, Russia, India and China) countries and Hong Kong, where average growth was over 23 percent.

The Asia-Pacific region was the top contributor in terms of total revenue, while the mainland saw the fastest growth of 56.4 percent during this period. "We hope to introduce many new products to offset the negative impact brought by the slowing consumption in the mainland," said executive director Andre Hoffman.

L'Occitane hopes to expand mainland stores to 100 by March.

Shares of L'Occitane International jumped 4.05 percent to HK$15.42 yesterday.

http://www.thestandard.com.hk/news_deta ... 11129&fc=2
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