Brazil’s Natura returns to revenue and prepares sale of Avon Worldwide

Brazilian cosmetics maker Natura posted on Monday, August 11, a second quarter web revenue of BRL 195.1 million (USD 36.1 million), marking its return into the black after a number of quarters into the purple. In the identical interval final 12 months, the corporate recorded a lack of R$122.7 million.

“These optimistic outcomes replicate the energy of the Natura model in Latin American markets, advances within the firm’s company simplification efforts, and progress in integrating the Natura and Avon manufacturers within the area,” the group defined.

Moreover, Natura confirmed its intention to promote Avon’s operations exterior Latin America, which at the moment are categorised within the monetary statements as “an asset held on the market.” The deliberate sale entails the Avon Worldwide and Avon Central America (CARD) entities.

When solely considering Avon’s operations in Latin America, the group’s revenue was BRL 445 million (USD 82.2 million), in comparison with a lack of BRL 872.8 million (USD 161.65 million) a 12 months earlier.

“We superior our simplification and restructuring technique, additional strengthening our enterprise fundamentals and management in Latin America. Following a strong Q1-25, we delivered one other quarter of wholesome outcomes. Income accelerated in our foremost market, Brazil, with the Natura model outperforming the market regardless of the continued challenges nonetheless confronted by the Avon model. Wanting forward, even amid slowing consumption, we stay completely assured in our means to ship annual profitability progress,” stated João Paulo Ferreira, Natura’s CEO.