L’Occitane, the cosmetics group that recently acquired the Sol de Janeiro brand, has achieved a notable increase in revenue growth for the first half of its 2021-22 non-standard fiscal year. The company recorded a revenue of €696.4 million during this period, representing a growth of 12.9%.

During the six-month period from April to September, L’Occitane’s operating income soared to €78.8 million, marking a significant rise of 143.8% compared to the same period last year. Net income also saw a substantial surge, reaching €60.6 million, which represents a remarkable growth of 262%. It’s important to mention that these positive comparisons are partly attributed to the impact of the Covid-19 pandemic, as many of the company’s stores were forced to temporarily close last year.

L’Occitane’s flagship brand, L’Occitane en Provence, played a major role in the company’s overall sales, accounting for €529.8 million or 76.1% of the total revenue. The brand Elemis generated sales of €86.8 million, while Limelife contributed €37.2 million in sales. Additionally, the group’s other brands, including Melvita, Erborian, and L’Occitane in Brazil, collectively contributed sales worth €43 million.

China emerged as the primary market for L’Occitane, generating a revenue of €124.1 million, a significant increase from the €97.4 million recorded in the previous year. This market accounted for 17.8% of the group’s total sales. Japan followed closely behind, contributing 12.8% of sales with a revenue of €88.9 million, which slightly surpassed the €88.3 million generated in the same period last year. The USA, where L’Occitane previously underwent organizational restructuring and filed for Chapter 11 bankruptcy protection, generated sales worth €72.1 million.

France, accounting for 5.9% of the company’s revenue, reported sales of €40.7 million in the first half of the fiscal year, compared to €37.5 million during the same period in the previous fiscal year.

Overall, L’Occitane’s financial results indicate a positive trajectory and resilience in the face of the challenging business environment caused by the pandemic. The strategic acquisitions made by the company, such as the purchase of Sol de Janeiro, have contributed significantly to its growth and expansion into new markets. The excellent performance of L’Occitane in China and Japan further validates the success of its brand and product offerings in these regions. With its continuous efforts to adapt and innovate within the industry, L’Occitane is well-positioned to seize emerging opportunities and maintain its upward trajectory in the global cosmetics market.

Useful links:
1. L’Occitane Official Website
2. Sol de Janeiro Official Website