Review by Ted Nuyten on Natura Cosmeticos
Natura & Co reported 2018 net revenues grew by 36 percent over the previous year to R$13.4 billion.
Reported net income surged 48.7 percent in the fourth quarter to R$381.7 million, driven by higher EBITDA and lower financial expenses. This strong result came despite hyperinflationary accounting effects in Argentina and The Body Shop’s transformation costs.
Natura & Co’s Executive Chairman of the Board Roberto Marques stated, “With double-digit growth in revenue, adjusted EBITDA and net income and strong free-cash flow generation, Natura & Co’s performance in Q4 caps its first full year of existence with a very strong note. All three of our iconic brands contributed to this performance, with each one rolling out its specific strategy while benefiting from the scale, resources, sharing of best practices and strategic direction of the group.”