LR Health 2022 Q3 Sales Euro 65.1 Million

LR Global Holding GmbH, Europe’s leading digital social selling company in the area of high-quality health and care products, today publishes its figures for the third quarter of 2022 and for the first nine months of the 2022 financial year.

In the third quarter of 2022, the LR Group recorded a positive sales trend despite market conditions in important target markets remaining challenging, and gradually approached the previous year’s strong sales figures.

This is reflected accordingly by the sales generated in the third quarter of 2023, which at EUR 65.1 million re-approached the level of the record 2021 year (previous year: EUR 67.7 million) and thus was only 3.7 percent lower than in the same period of the previous year.

This was especially due to the pleasing trend in the important home market of Germany. Overall, the LR Group achieved sales (revenue from goods sold) of EUR 196.6 million in the first nine months of 2022.

This corresponds to a decrease of 11.0 percent compared with the exceptionally strong prior-year period (previous year: EUR 220.8 million), which was characterised by positive effects from the COVID-19 pandemic, particularly in the first two quarters.

Furthermore, the LR Group achieved normalized EBITDA of EUR 22.4 million in the first nine months of 2022, compared with EUR 30.1 million in the same period of the previous year. In addition to the exceptionally strong revenue in the prior-year period, this reduction is also particularly due to non-recurring IT expenses arising from the implementation of a project to renew the ERP system and the eShop.

Dr. Andreas Laabs, Chief Executive Officer (CEO) of LR Health & Beauty SE, comments:

“With the launch of ZEITGARD Pro for facial care in the third quarter of 2022, we enjoyed the most successful product launch in our company’s history to date.

Most importantly, we see that our focus on our strategic actions and income opportunities for LR Partners is paying off in full given the current overall economic situation.

Many new partners are taking advantage of the opportunity at LR to add a further source of income and thereby secure their standard of living. By further digitalising our processes and offerings, we are creating the conditions for the LR Group’s future growth and at the same time improving the overall framework for our partners to successfully develop their careers at LR.”

About the LR Group

Following the motto “More quality for your life”, the LR Group with headquarters in Ahlen/Westphalia produces and markets various health and beauty products in 28 countries. As a modern social selling platform, the company combines personal exchange in its community with efficient, digital solutions.