THE WHAT? Natura &Co has announced its results for the 2023 financial year. The Brazilian owner of Avon saw revenue drop 8.5 percent year-on-year in Brazilian Reais to BRL26.7 billion, although in constant currency, consolidated net revenue rose 3.5 percent versus 2022.
THE DETAILS Gross margin reached 63.8 percent in 2023, up 410 bps versus the prior year. Net income totaled BRL 3 billion, an improvement from a net loss of BRL2.8 billion a year ago.
THE WHY? Fabio Barbosa, Group CEO of Natura &Co, explains, “2023 marked a pivotal chapter in the company’s history, setting the stage for the ambitious horizons we aim to reach in 2024. Notwithstanding a volatile macro environment in Latin America, we kicked-off Wave 2, our most important strategic project aiming to combine Avon and Natura brands in the region. Progress in Brazil, Peru and Colombia is underway, and the lessons learnt allowed us to implement a softer integration in Chile in early 2024.
“On our corporate strategy, we delivered a leaner holding structure as the Business units operate with more autonomy. Our simplification agenda has progressed markedly, thanks to the divestments of Aesop and The Body Shop, which allowed us to pay our debt and end the year with a strong net cash position. The positive free cash flow to firm, alongside our much stronger balance sheet, allowed us to start moving to a more optimal capital structure, and as a result we are announcing BRL 979 million in dividend payments for this year.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
