L'Occitane 0973

Re: L'Occitane 0973

Postby winston » Tue Jan 23, 2018 8:08 am

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L’Occitane China and HK sales rise at rapid clip

French luxury skincare and body care brand L’Occitane International (0973) reported today sales in Hong Kong and mainland China grew in the nine months ended December 31, 2017.

In a trading update, the company said China outperformed recording 23.4 percent growth in local currency terms to 114.05 million euros.

Same store sales growth further accelerated to 17.4 percent in China.

In Hong Kong, sales grew by 9.7 percent to 97.16 million euros at constant exchange rates, driven mainly by travel retail business and stabilization in retail sales. Sales data for Hong Kong includes Macau.

The results are unaudited.

In terms of geographical areas, China, Brazil and Hong Kong reported the highest sales growth in local currencies.

Group net sales grew by 3 percent at constant rates to 1 billion euros, and fell by 0.6 percent at reported rates, the company reported. This was due to unfavorable foreign exchange rates, the company said.

In the third quarter, retail sales improved significantly, while sales grew in most key countries, thanks to the strong brand visibility during the festive seasons with attractive offerings and key flagship openings, the company reported.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0122&sid=2
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Re: L'Occitane 0973

Postby winston » Tue Jun 12, 2018 10:12 am

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L'Occitane profit slumps 30pc

by Samantha Wong

Beauty products retailer L'Occitane (0973) reported a30 percent decline in annual net profit, due mainly to foreign currency losses, and the consequences of tax reforms in the United States.

The French chain, which sells mainly facial care products and fragrances, said net profit fell from 132 million euros (HK$1.22 billion) to 93.3 million euros for the year ended March 31 compared with the previous year.

The losses were due largely to inter-company trade and current accounts settlements, notably in Chinese yuan, Hong Kong dollar, Russian ruble and Korean won, but partly offset by gains from the Japanese yen, Swiss franc and Australian dollar, the company said in a filing to the Hong Kong stock exchange.

Basic earning per share was 0.066 cents, down from 0.090 cents.

Net sales grew 4.6 percent to 1.32 billion euros, while gross profit margin stood at 83.3 percent.

The board has recommended an increase in dividend payout ratio to 45 percent from 35 percent last year, with a proposed final dividend of 0.0297 euros per share.

Hong Kong sales grew 8.3 percent, contributing 17 percent to overall growth, said Thomas Levilion, deputy general manager of finance and administration at L'Occitane International.

Over the year, L'Occitane did not add to its 34 stores in Hong Kong but opened 41 new outlets across the world, taking the total number to 1,555 stores.

It closed five in China, bringing the number of stores down to 197 in the mainland.

Share of L'Occitane fell 0.6 percent to HK$13.54 at the close yesterday.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0612&sid=2
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Re: L'Occitane 0973

Postby winston » Mon Jun 25, 2018 2:41 pm

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June 11, 2018

L'OCCITANE: PRC Online Sales Growth Resilient, Hopes to Draw Customers to Physical Stores

L'OCCITANE (00973.HK)'s Group Deputy General Manager, Finance and Administration Thomas Levilion stated that the company achieved 75% growth in the online sales in China in FY18 on the ride of cooperation with Tmall in Mainland China.

The target is to bring online customers to physical stores by further enhancing the relevant channels, Levilion said.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Thu Jul 26, 2018 8:59 am

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<Research Report>Citi: L'OCCITANE (00973.HK) Kept Buy on Enticing Valuation

Citigroup issued a research report covering L'OCCITANE (00973.HK), maintaining its forecast for the latter to record a 1.7% full-year same-store sales growth in 2018.

The bank believes the French skincare provider would perform better in the second half of the year given potential market recovery in Japan as well as positive outlook for US, China and HK markets.

The stocks' current price represents 20% to 25% discount to peers and therefore the valuation is appealing, according to Citigroup.

L'OCCITANE is maintained Buy with target price set at $17.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Thu Oct 25, 2018 3:23 pm

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L'OCCITANE(973)

Analysis:
According to the trading update of L`Occitane (973), its net sales grew by 8.6% at reported rates and 12.4% at constant exchange rates for the six months ended 30 September 2018, both faster than the growth rate in the first fiscal quarter (6.2% and 12.3% respectively).

Same stores sales growth accelerated to 2% from 0.6% in the first fiscal quarter.

In terms of geographical areas, the US, Hong Kong, Mainland China, Russia and Brazil were among markets with highest sales growth. (I do not hold the above stock)

Strategy:
Buy-in Price: $14.50, Target Price: $15.95, Cut Loss Price: $13.70

Source: Phillips
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Re: L'Occitane 0973

Postby winston » Tue Nov 27, 2018 1:52 pm

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Citi: L'OCCITANE (00973.HK) Reiterated Buy with TP Up to $16.7; 2QFY19 Sales Robust

2018/10/24

L'OCCITANE (00973.H 's 1HFY19 revenue growth was 8.6%, while SSSG improved to 2% from 0.6% in 1QFY19, mainly fueled by the United States, Japan, United Kingdom, and Russia, Citigroup said in its report.

Mainland's strong e-commerce sales and visitors' retail sales maintained a double-digit growth.

The new product "Reset" launched in September also boosted 2QFY19's sales.

Source: AAstocks.com
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Re: L'Occitane 0973

Postby winston » Tue Nov 27, 2018 1:54 pm

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L'OCCITANE Interim NP EUR6.81M, Down 38.5%

2018/11/26

L'OCCITANE (00973.HK) announced the interim results ended 30 September 2018.

The net profit attributable to equity owners of the company amounted to EUR6.814 million, down 38.5% yearly.

EPS was EUR0.5 cents.

No dividend was declared.

Source: AAstocks.com
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Re: L'Occitane 0973

Postby winston » Tue Nov 27, 2018 1:54 pm

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L'OCCITANE Interim NP EUR6.81M, Down 38.5%

2018/11/26

L'OCCITANE (00973.HK) announced the interim results ended 30 September 2018.

The net profit attributable to equity owners of the company amounted to EUR6.814 million, down 38.5% yearly.

EPS was EUR0.5 cents.

No dividend was declared.

Source: AAstocks.com
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Re: L'Occitane 0973

Postby winston » Wed Oct 23, 2019 7:52 am

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L’Occitane half-year net sales climb

L’Occitane (0973) posted its net sales in the six months ended September 30 were 727.2 million euro (HK$6.35 billion), an improvement of 19 percent at constant rates and 22.1 percent at reported rates compared to the same period last year.

For the three months ended September 30, its second quarter of the financial year 2020, net sales were 374.7 million euros, an improvement of 21.7 percent at constant rates and 25.5 percent at reported rates compared to the same period last year.

The Group’s encouraging top-line performance was due to decent growth in the second quarter across all of its brands and in all key geographic areas.

In terms of geographic areas, the UK was the Group’s fastest-growing market with more than 200 percent growth in the first half, which was mainly contributed by ELEMIS. Excluding ELEMIS, growth in the UK was 10.8 percent at constant rates.

The US grew 26 percent for the six months, also mainly contributed by ELEMIS. Excluding ELEMIS, growth in the US was negative 5.1 percent, which resulted from the closure of 12 L’OCCITANE en Provence stores and the high base impact of LimeLife.

China, Brazil and Russia all posted double-digit growth in FY2020 H1. Meanwhile, retail sales in Hong Kong continued to decline as economic and social factors dampened consumer sentiment, although this impact was more than offset by higher travel retail sales in the region.

Source: The Standard
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Re: L'Occitane 0973

Postby winston » Mon Nov 25, 2019 9:10 pm

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L’Occitane interim profit jumps, HK sales slip

French skincare and cosmetics company, L’Occitane International (0973) reported today interim profit jumped to 25.2 million euros.

Earnings per share were 0.017 euro.

Net sales for the six months to September grew by 22.1 percent at reported rates and 19 percent at constant exchange rates.

This was attributed to “decent growth in the second quarter of financial year 2020 across all brands and all key geographic areas.''

Sales in Hong Kong, including Macau, amounted to 58.29 million euros. Hong Kong sales were lower by 0.2 percent at reported rates. At constant rates sales fell by 5.6 percent.

Hong Kong sales also include sales to distributors and travel retail customers in Asia.

Net sales in China were up by 10.5 percent on year to 76.65 million euros.

Total net sales amounted to 727.15 million euros.

Gross profit margin remained high at 81.2 percent, the company said.

By brand, sales of the core brand, L’Occitane en Provence generated 554.88 million euros. Sales momentum of the brand continued, with strong support from attractive new launches such as the new Herbae perfume and the Infusion range, as well as the continuous global success of Immortelle Reset serum, the company said.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 1125&sid=2
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