L'Occitane 0973

Re: L'Occitane 0973

Postby winston » Wed Mar 11, 2015 3:53 pm

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<Research Report>L'OCCITANE(00973.HK) target lifted to $24; rated Overweight by HSBC

HSBC said in a report that as L'OCCITANE(00973.HK) produces in EUR and sells in USD (and related currencies), the market estimates have yet to reflect the FX movements, in particular, the fall in the EUR/USD.

The research house commented that L'OCCITANE's e-commerce and travel retail business showed good performance, and lifted its 2016/17 net profit forecasts for the company by 6%/10% respectively.

Meanwhile, the company was rated Overweight and its target price was raised 4% to $24.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Wed Apr 22, 2015 8:43 am

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L'OCCITANE (00973.HK) 2014 net sales up 11.7%; SSS up 5.7%

L'OCCITANE (00973.HK) 0.000 (0.000%) Short selling $581.15K; Ratio 2.166% announced that annual results for the year ended 31 March 2015.

During the period, the net sales amounted to EUR1.178 billion, up 11.7% year-on-year (+1.1% in the previous year).

The full-year same store sales growth equaled 5.7%, more than that of 3.7% in the year-ago period. Meanwhile, the same store sales in Hong Kong receded 1.1%.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Tue Jun 02, 2015 6:16 am

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Sweet times for retailer

L'Occitane International (0973) earned a net profit of 125.6 million euros (HK$1.06 billion) for the year ended March 31, up 35.7 percent from the previous fiscal year.

Basic earnings per SHARE jumped 37 percent to 8.3 euro cents. The producer of cosmetics and well-being products proposed a final dividend of 2.91 euro cents per share and a special dividend per share of 3.4 euro cents.

Net sales rose 11.7 percent to 1.178 billion euros as it enjoyed a 10.3 percent sales growth at constant EXCHANGE RATES. Overall same-store sales growth advanced 5.7 percent, from a 3.7 percent increase last year.

The company's sales in China, Japan, Hong Kong and the US were the main factors that drove net sales growth in the fiscal year.

But in Russia, sales slid 14.6 percent due to a slowing economy, sanctions and the ruble's sharp depreciation.

Net CASH inflows soared by 72.1 percent to 206.1 million euros. Its positive results were due to brand positioning, pricing, online activities and favorable exchange rates.

Thomas Levilion, executive director and group deputy general manager for finance and administration, said the firm plans to open 80 to 100 stores this year.

Capital expenditure this year is about 55 million to 60 million euros, slightly lower than last year's level.

Gross profit margin may benefit from the depreciation of the euro as it edged up by 0.7 points to 81.8 percent, he said.

Source: The Standard HK
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Re: L'Occitane 0973

Postby winston » Tue Jun 02, 2015 11:31 am

<Research Report>HSBC Upgrades L'OCCITANE to Buy with Target Lifted to $26

HSBC, in a report, said that L'OCCITANE(00973.HK) annual results for the year ended 31 March 2015 were in line with estimates.

Net profit added 37% from a year earlier to EUR122 million, with EPS of EUR0.083.

The research house upgraded L'OCCITANE to Buy, with target price rising from $25 to $26.

It is pointed out that the gross margin was boosted by a favorable price/ mix impact, lower freight costs, tighter inventory control as well as FX.

The good sales channel also enhanced the development of the company's EBIT margin.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Tue Jul 21, 2015 7:14 pm

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L'OCCITANE (00973.HK) 1Q Net Sales Up 17.5% YoY

L'OCCITANE (00973.HK) announced the results for the three months ended 30 June 2015.

Net sales were EUR275 million, recording an increase of 17.5% on a yearly basis.

The sales posted a 7.8% growth at constant exchange rates.

Sell-out sales accounted for 73.7% of net sales and amounted to EUR202 million, an increase of 16.8% (6.9% at constant exchange rates) as compared to the same period last year.

During the period, the same store sales growth was 2.1%.

The group?s E-commerce channels continued to outperform with a 21.5% growth at constant exchange rates.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Wed Jul 22, 2015 3:20 pm

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<Research Report>JP Morgan Maintains L'OCCITANE at Overweight with Target Cut to $24.1

JP Morgan, in its report, stated that L'OCCITANE(00973.HK) registered a 7.8% constant-currency growth and 2.1% same store stores growth in the first quarter of 2016.

The deceleration was mainly attributable to weakness in Hong Kong and U.S performance.

Despite the short-term headwinds, the research house believed that there is a number of longer-term positive for L'OCCITANE, including new products launch, positive growth of Melvita and Erborian sales, strong Tmall sales as well as the positive impacts of L'Occitane au Brasil on Brasil sales.

The rating was maintained at Overweight while the target price was decreased from $25 to $24.1.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Wed Oct 28, 2015 7:02 am

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For the six months to September, sales at L'Occitane International (0973) Hong Kong outlets fell 12 percent from a year earlier.

It expects interim net profit to plunge 40 percent.

Due to fewer mainland tourists, same store sales growth slid 16.2 percent in Hong Kong and Macau - where the cosmetics product retailer has 38 outlets in operation.

And things are unlikely to improve anytime soon.

Source: The Standard
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Re: L'Occitane 0973

Postby winston » Wed Oct 28, 2015 10:38 am

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L'Occitane International said it expected its profit of six months ended in September to fall up to 50 percent from a year ago period due to slower global economy growth and foreign exchange fluctuation, while its Hong Kong operation recorded a 16.2 percent drop in same store sales on fewer mainland visitors.

Sourc e: HK Economic Journal
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Re: L'Occitane 0973

Postby winston » Mon Nov 16, 2015 7:41 pm

L'OCCITANE (00973.HK) Interim Net Profit Down 47.04% YoY

L'OCCITANE (00973.HK) 0.000 (0.000%) Short selling $4.78M; Ratio 32.282% announced its interim results for the period ended 30 September 2015.

Its net profit tumbled 47.04% to approximately EUR19.409 million, with basic earnings per share of EUR0.013.

No interim dividend was declared.

During the period, the net sales amounted to approximately EUR547 million, up 12.52% yearly.

Gross profit rose 14.33% to around EUR446 million.

Source: AAStocks Financial News
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Re: L'Occitane 0973

Postby winston » Tue Nov 17, 2015 6:34 am

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L'Occitane forex loss more than cosmetic by Kate Lin

Net interim profit of cosmetics manufacturer and retailer L'Occitane International (0973) slumped 47 percent to 20.1 million euros (HK$166.79 million) from a year earlier, after it suffered a huge loss in foreign currency transactions.

For the six months ended September, turnover rose 12.5 percent to 547 million euros from a year back.

Excluding the currency exchange loss, sales grew 5.8 percent. No dividend was proposed.

The exchange loss amounted to 9.59 million euros as the US dollar strengthened against the euro.

Sales in its Hong Kong and Macau operations fell 12 percent due to weak market sentiment and the sharp decrease in mainland tourist arrivals. Same-store sales fell 16.2 percent.

L'Occitane said it plans to open high-end stores in prime locations, especially in Asia, to replace those in locations with weak sales.


Source: The Standard HK
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