L'Occitane International SA (OTCPK:LCCTF)
$ 4.02 -0.055 (-1.35%) Market Cap: 5.99 Bil Enterprise Value: 6.73 Bil PE Ratio: 64.14 PB Ratio: 6.22 GF Score: 86/100
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Full Year 2023 L'Occitane International SA Earnings Call Transcript

Jun 26, 2023 / 09:30AM GMT
Release Date Price: $2.9
Janis Lai;Occitane International S.A.;IR
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Welcome, everyone. Thank you for joining L'Occitane International's presentation today on the FY 2023 annual results. With me here today in Hong Kong is our Vice Chairman and CEO, Mr André Hoffmann, and joining us on the line is our Chairman, Mr Reinold Geiger. First, we will start with the financial highlights, and then André will go over our strategic review and outlook.

Today, we are taking questions from both the on-site events and online. For those who are joining online, there's a raise hand function or the hand icon on the top right hand corner, so you can go ahead and press that anytime during the presentation to submit your questions. We'll be reading out reading them out at the event after the presentation.

So first, I start with the financial highlights. The group had strong sales momentum in FY 2023, with net sales exceeding the EUR2 billion mark, representing a growth of almost 20% at reported rates. This is considered a strong result amidst the macro challenges. Gross profit margin remained

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