December 9, 2022

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Natura (NTCO3) releases preliminary data for the first quarter after rumors of balance sheet leaks

Natura (NTCO3) releases preliminary data for the first quarter after rumors of balance sheet leaks

distance Rumors about leaking results for the first quarter of 2022 (1Q22), which caused shares to fall 15.57%, Natura (NTCO3I decided to publish preliminary and unaudited data for this period last Thursday evening (21).

The company reported that, last Wednesday (20), the company’s investor relations department held meetings with market analysts, with the aim of providing clarifications and information to help these analysts understand the company’s business and prospects.

Thus, the company understands that the information disclosed in the media reflects the conclusions and expectations of market analysts themselves.

The company stated, as previously reported in relation to the results of the fourth quarter of 2021, that it continues to face cost pressures as a result of high rates of inflation and high prices.
goods.

Natura also spoke about the basis for comparison, noting that the first quarter of 2021 is particularly strong, with a 25.8% increase in net revenue compared to the first quarter of 2020 in Omani riyals and 8.1% in terms of constant currency in the same period. , as well as recording Ebitda’s double-digit adjusted margin (Ebitda, or earnings before interest, taxes, depreciation, and amortization, on net revenue).

At the business unit level, in Latin America, the company reports that it continues to make sequential progress in Brazil since the inflection point in October/November 2021 at Avon Brazil, although it saw a decline in net revenue compared to the first quarter of 2021. 2021. In Natura In Brazil, he said he is seeing revenue improvements, as a result of a range of products offered that we believe are more in line with market trends.

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Avon International’s operations in Central and Eastern Europe were affected by the war between Ukraine and Russia; However, it is still seeing progress in Avon’s business fundamentals, with significant improvements in some key performance indicators as a result of the new business model and profit margins in line with the same period in 2021, he said. The Body Shop also saw sales decline mainly across Europe, in addition to the expected impact of channel rebalancing. On the other hand, Aesop continues to show good results, especially in Asia and North America.

With this, the company clarified that it expects Natura & Co to provide net revenues of between R$ 8.20 billion and R$ 8.25 billion, which is a decrease compared to the first quarter of 2021 with a rate of between 12.7% and 13.3% in the Omani riyal and between 4.6% and 5.2% In the year. Constant currency, as a result of the strong appreciation of the riyal in the first quarter of 2022 compared to the first quarter of 2021. Natura & Co also expects Ebitda to register an adjusted margin between 7.0% and 7.3% compared to 10.2% in the first quarter of 2021. Q1 from the year 2021.

Final and complete financial results will be released on May 5, 2022.

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