L'Occitane 0973

[winston]

not vested

L`OCCITANE(973)

Analysis：
For the three months ended 30 September 2020, L`OCCITANE (973) saw strong growth in its online channels (including own e-commerce, marketplace, digital direct selling and webpartners).

Net sales in FY2021 Q2 surged 80.8% and accounted for 40.7% of total net sales (FY2020 H1: 19.5%).

Retail sales rebounded moderately following the gradual reopening of stores in Europe and the Americas in FY2021 Q2.

Sales momentum in Asia continued from a strong FY2021 Q1.

The Group continues to adapt, to accelerate transformations and to seek ways to cut costs and streamline operations. (I do not hold the above stock)

Strategy：
Buy-in Price: $14.20, Target Price: $15.60, Cut Loss Price: $13.30

Source: Phillips

[winston]

L'Occitane interim falls 37pc

by Winnie Lee

Cosmetics group L'Occitane International (0973) said its interim net profit was down 37.5 percent year-on-year to 15.61 million euros (HK$145 million).

No dividend was declared.

Sales fell 15.2 percent to 620 million euros from a year ago.

US sales fell 14.7 percent to 114 million euros, Hong Kong sales fell 44.5 percent to 32.35 million euros but mainland sales rose 27.1 percent to 97.45 million euros.

The gross profit margin rose by 0.9 percentage points to 82.1 percent as online channels performed strongly.

The group is undertaking a reorganization process to accelerate its transformation, which may lead to the loss of around 300 positions globally of its total workforce of 9,000.

Source: The Standard

https://www.thestandard.com.hk/section- ... falls-37pc

[winston]

not vested

L'Occitane's online sales boost profits

by Victor Zhong

L'Occitane (0973) announced their annual net profit by end-March rose nearly 33 percent to 154.58 million euros (HK$1.43 billion), driven by online sales.

The beauty products maker and retailer declared a final dividend of 0.03687 euros per share, rising by 65.5 percent year-on-year and suggesting a payout ratio of 35 percent. This compared to a basic earning per share of 0.105 euros.

Net sales dropped by 6.5 percent to nearly 1.54 billion euros year-on-year.

Online channels were strong and posted growth of more than 69 percent, according to an exchange filing.

This came as net sales from China jumped by 33.7 percent to 263.6 million euros, making up 17.1 percent of the total and surpassing the United States to become the largest market for the group.

The group said that its retail and travel retail channels were particularly hampered by hard-hit air traffic, intermittent lockdowns and shop closures in most of the key markets. Sales and profitability of the retail and travel retail channels dropped significantly.

The total number of retail locations dropped by 398 or 11.4 percent to 3,088 in 2021 and the number of own retail stores decreased by 85 or 5.3 percent to 1,523 in 2021.

Source: The Standard

https://www.thestandard.com.hk/section- ... st-profits

[winston]

not vested

L'OCCITANE: No Will to Shrink HK Store Size Right Now

L'OCCITANE (00973.HK) 0.000 (0.000%) has initiated the global store consolidation plan and been negotiating with landlords on the rent since last year, said Vice-Chairman Andre Hoffmann at the press conference.

At the moment, the group is maintaining its store size in Hong Kong.

Seeing economic revitalization in Hong Kong, Hoffmann envisioned growth potential in L'OCCITANE's sales volume going ahead.

However, it would be hard to tell the exact timing as recovery takes time.

Related News: L'OCCITANE (00973.HK) Annual NP EUR155M, Up 32.9%; Final Div EUR0.03687

Source; AAStocks Financial News

[winston]

L'OCCITANE(973)

Analysis：
For the three months ended 30 September 2021, L`OCCITANE (973) achieved net sales of 725.1 million, representing a growth of 18.6% at constant rates, mainly attributable to stores reopened globally and online channels remained robust.

Same store sales improved and grew 11.9% in FY2022 H1 while online channels remained robust and accounted for 33.1% of the overall sales.

In addition to driving top-line performance, the Group undertook two major restructuring actions in FY2021 to accelerate its transformation, address loss-making areas and increase the efficiency of its investments . (I do not hold the above stock)

Strategy：
Buy-in Price: $28.00, Target Price: $30.50, Cut Loss Price: $26.00

Source: Phillips

[winston]

not vested

L'Occitane makes record profit

by Victor Zhong

Net sales grew 12.9 percent and like-for-like sales grew 18.6 percent.

Source: The Standard

https://www.thestandard.com.hk/section- ... ord-profit

[winston]

vested

L`OCCITANE((973)

Analysis：

L`Occitante (973) reported strong financial results in FY2022 H1, with a record interim net profit of 60.6 million, representing a substantial growth of 262% as compared to the same period last year.

The Group`s restructuring efforts, prudence in capital expenditures and targeted investments in key channels and countries all contributed to the outstanding results.

The Group recently announced the acquisition of a majority equity interest in Sol De janeiro, which is in line with the Group`s balanced geographic strategy to build a portfolio of strong brands in all major geographic regions. (I do not hold the above stock)

Strategy：
Buy-in Price: $30.50, Target Price: $36.50, Cut Loss Price: $28.00

Source: Phillips

[winston]

L`OCCITANE(973)

Analysis：
For the three months ended 31 December 2021, L`Occitane (973) recorded sales growth of 13.5% at reported rates and 9.5% at constant rates.

Despite the resurgence of COVID-19 in certain key markets, the Group showed encouraging sales momentum during the most important quarter of the year.

The solid performance was contributed by its resilient core brand L`Occitane en Provence (a growth of 8.0% at constant rates) and by the accelerated growth of ELEMIS (a growth of 39.4% at constant rates). (I do not hold the above stock)

Strategy：
Buy-in Price: $29.00, Target Price: $3 1.50, Cut Loss Price: $28.00

Source: Phillips

[winston]

not vested

L'Occitane profit soars 60pc

by Aiden He

L'Occitane International (0973) recorded a 60.1 percent jump in net profit to 242 million euros (HK$2.01 billion) for the year ended March from a year ago and raised the proposed final dividend by 78.6 percent to 0.06585 euros.

The dividend payout ratio increased by 5 percentage points to 40 percent and basic earnings per share also grew to 0.165 euros, the French cosmetics and skincare brand said in a filing yesterday.

Net sales for the period increased by 15.8 percent year-on-year to 1.78 billion euros, of which, net revenue from China advanced by 24.4 percent to 328 million euros, and that from Hong Kong also surged by 25.7 percent to 118.9 million euros.

The firm said the lockdown of major cities in China in this quarter has adversely impacted its offline channels in the country, as well as sections of its online business due to warehouse closures.

Price hikes of at least 2 percent for products across various markets are expected to be announced in the year due to inflation, especially the surge in shopping costs, Hoffmann added.

Source: The Standard

https://www.thestandard.com.hk/section- ... soars-60pc

[winston]

not vested

L`OCCITANE(973)

Analysis：

L`OCCITANE (973) recorded positive start into FY2023 with Group sales of EUR 416 million and double-digit sales growth at reported rates (+23.4%) and constant rates (+15.8%), despite the macroeconomic challenges in Q1.

The solid performance was driven by L`OCCITANE en Provence, ELEMIS and the inclusion of Sol de Janeiro and Grown Alchemist.

The Group recorded sales growth across all regions, whereby the fastest-growing region was Americas (+55.5%), followed by EMEA (+10.3%). (I do not hold the above stock)

Strategy：
Buy-in Price: $26.00, Target Price: $28.40, Cut Loss P rice: $25.00

Source: Phillips