L’Occitane International SA (HK:0973) has released an update.
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L’Occitane International SA reported significant growth, with net sales surging by 24.1% to exceed €2.5 billion in FY2024, driven by robust performances from its Sol de Janeiro brand and steady results from L’OCCITANE en Provence. Operating profit for the year, however, slightly decreased by 2.5% to €233.1 million, attributed mainly to increased marketing investments. Despite the increased revenue, the company experienced a drop in net profit by 13.9% and a decline in earnings per share by 18.6%.
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