Natura &Co posts constant currency sales growth and stable margin in Q3
SÃO PAULO, Nov. 10, 2022 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the third quarter, with sales growth in constant currency and stable adjusted EBITDA margin, while making significant progress on moves to make the Group leaner and simpler and give brands more autonomy and accountability.
- Natura &Co posted consolidated net revenue of R$ 9 billion, up 2.2% at constant currency (-5.7% in BRL) in the third quarter.
- Natura &Co Latam posted solid performance, notably the Natura brand and the Avon CFT segment in the region.
- Natura &Co Latam's net revenue was up 10.2% at constant currency ("CC") and up 4.1% in BRL in Q3.
- Founded in 1969, Natura is a Brazilian multinational in the cosmetics and personal care segment, leader in direct sales.