[For Immediate Release]
L'Occitane International S.A.Société Anonyme
1, rue du Fort Rheinsheim L-2419 Luxembourg
R.C.S. Luxembourg: B80359
(Incorporated under the laws of Luxembourg with limited liability)
L'Occitane announces unaudited trading update for the third quarter of 2011/ 2012 Net Sales Achieved Year-on-Year Growth of 16.4% in real terms, and 17.5% excluding foreign currency translation effects * * * China surged 58.0% in net sales as the fastest growing market Hong Kong, Brazil and Russia also among best-performing markets
(30 January 2012, Hong Kong) L'Occitane International S.A.
("L'Occitane" or the "Company"; SEHK stock code: 973), a
global, natural and organic ingredient-based cosmetics and
well-being products enterprise with strong regional roots in
Provence, France, today announces the unaudited trading
update for the nine months ended 31
December 2011.
Net sales for the nine months ended 31 December 2011
increased 16.4% to €681.4 million as compared to the period
ended 31 December 2010. Excluding foreign currency
translation effects, net sales growth was 17.5%. The
Company's top-line growth accelerated in the third quarter,
which, as the holiday season, is the key period to the
Company's total sales performance over its full financial
year.
In terms of geographic areas, excluding foreign currency
translation effects, China, Hong Kong, Brazil and Russia were
the best-performing markets in net sales growth, reaching
58.0%, 36.5%, 35.3% and 26.9%, respectively.
Overall Same Store Sales Growth accelerated from the first
half of the financial year and from FY2011, particularly in
Hong Kong, China, United Kingdom, the USA and emerging
countries. Same Store Sales Growth for the nine months was
6.2%, up from
6.1% in the first half of the financial year, with Hong Kong,
China, United Kingdom and
Brazil showing the strongest growth of 34.3%, 19.9%, 14.8%,
and 12.5%, respectively.
Same Store Sales Growth in Japan decreased slightly by 3.3%,
partly explained by the consequences of the earthquake and
tsunami on the economy in Japan, and also by the opening of
new stores in the Kyushu area and Osaka, which impacted the
existing stores but resulted in significant sales increases
overall in the same areas. Excluding the stores where
cannibalization effects occurred, Same Store Sales Growth was
1.5%.
Same Store Sales Growth in France and the USA was 3.0% and
10.3%, respectively, which was impacted by the Company's
ambitious renovation program. Excluding the stores renovated
during the period, Same Store Sales Growth was 4.9% and
10.9%, respectively.
- Cont'd -
L'Occitane announces unaudited trading update for the third quarter of 2011/ 2012
Net Sales Achieved Year-on-Year Growth of 16.4% in real terms, and 17.5% excluding foreign currency translation effects
China surged 58.0% in net sales as the fastest growing market
Hong Kong, Brazil and Russia also among best-performing markets
30 January 2012/ Page 2
During the period, the Company continued to strengthen
presence through retail store network expansion. For the nine
months ended 31 December 2011, the Company increased the
total number of own retail stores to 1,033 as at 31 December
2011, a net increase of 161 over 12 months. This includes 85
additional stores in Asia, including 25 in China, 16 in Japan
and 3 in Hong Kong, as well as 47 in Europe and 29 in the
Americas.
In terms of business segments, net sales contribution from
the Sell-out, Sell-in and B-to-B segments amounted to €507.5
million, €151.6 million and €22.3 million respectively. The
Sell-out net sales of the Company increased by 18.7% for the
nine months ended 31 December 2011 and represented 78.6% of
overall growth, excluding foreign currency translation
effects.
The Sell-in net sales and B-to-B net sales posted a
year-on-year growth of 13.3% and
20.8%, and accounted for 17.6% and 3.8% respectively of
overall growth in the period ended 31 December 2011 excluding
foreign currency translation effects.
Mr. Reinold Geiger, Chairman and CEO of L'Occitane, said, "We
are very satisfied with our excellent sales performance
during the key third-quarter of our financial year. Looking
forward, L'Occitane will continue to implement our planned
development strategy and expedite sales growth through
accelerated store openings, in particular in emerging and
fast growing countries. The Company will also continue to
invest for long term development, visible in our operations
and structures and store network, so as to set the basis for
future growth and create better returns for our
shareholders."
- End -
L'Occitane is a global, natural and organic
ingredient-based cosmetics and well-being products enterprise
with strong regional roots in Provence. The Company is
committed to developing high quality products that are rich
in natural and organic ingredients of traceable origins and
respect for the environment. L'Occitane products are
sold in over
80 countries through about 1,900 retail locations which sell
exclusively L'Occitane products and are decorated in a
standardised L'Occitane design. The retail locations
comprise own stores, independent distributors and airport and
duty-free operators. The Company also distributes its
products via complementary channels such as internet shopping
websites, mail order, spas and home shopping television
networks, as well as sales to hotels and airlines who provide
the products to their customers as free amenities.
Callis Lau/ Canny Lo/ Charis Yau/ Fiona Tsang/ Janis Lai
Tel: (852) 2136 6952/ 3170 6753/ 2136 6183/ 3920 7651/ 3920
7646
Fax: (852) 3170 6606
Email: callis.lau@iprogilvy.com/canny.lo@iprogilvy.com/
charis.yau@iprogilvy.com/
fiona.tsang@iprogilvy.com/ janis.lai@iprogilvy.com
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