L’Occitane reveals sales growth in Q2 and H1

L’Occitane Group has released its unaudited financial results for the second quarter and first half ending 30 September 2022, revealing growth across its brands. 

In the second quarter, the group reported a 24.9% increase in total sales to £421.4 million (€484.5 million), compared to £337.4 million (€387.9 million) last year. Sales in the EMEA region rose 6.3% to £117.8 million (€135.5 million).

By channel, retail sales increased by 4.2%, online sales by 15.8% and wholesale by 62.9%.

For Q2, L’Occitane Group shared the following results:

• L’Occitane en Provence sales up 7.4% to £278.1 million (€319.8 million).
• Elemis sales up 23.2% to £56.3 million (€64.8 million).
• Sol de Janeiro sales of £46.8 million (€53.9 million).

In the first half, the group reported a 24.2% increase in total sales to £783.1 million (€900.5 million), compared to £630.9 million (€725.1 million) last year. Sales in the EMEA region rose 8.8% to £216.8 million (€249.2 million).

By channel, retail sales increased by 9.9%, online sales by 10.4% and wholesale by 63.1%.

For H1, L’Occitane Group shared the following results:

• L’Occitane en Provence sales up 9.4% to £531 million (€610.3 million).
• Elemis sales up 21.1% to £91.4 million (€105.1 million).
• Sol de Janeiro sales of £82.3 million (€94.6 million), percentage undisclosed.

André Hoffmann, Vice-Chairman and CEO of L’Occitane Group, said: “Despite a worsening of the global macroeconomic environment in FY23 Q2, including persistent inflation, increasing interest rates and muted consumer sentiment in some markets, it is pleasing to see a further acceleration in growth. This has strengthened our optimism about reaching our FY23 targets.

“We have a proven track record of resilience in the face of various headwinds. Our diverse reach, both in terms of brands and geography, will continue to see us through the months ahead, particularly in anticipation of the holiday season.”