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L'Occitane International fiscal H2 profit climbs 27.0% YOY

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L'Occitane International fiscal H2 profit climbs 27.0% YOY

L'Occitane International SA said its normalized net income for the fiscal second half ended March 31 was 5 euro cents per share, a gain of 26.9% from 4 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €80.8 million, an increase of 27.0% from €63.6 million in the year-earlier period.

Total revenue grew 13.7% on an annual basis to €692.0 million from €608.5 million, and total operating expenses increased 11.5% from the prior-year period to €554.1 million from €497.2 million.

Reported net income increased 11.6% on an annual basis to €85.4 million, or 6 cents per share, from €76.5 million, or 5 cents per share.

For the year, the company's normalized net income totaled 7 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 9 cents.

EPS rose 47.4% from 5 cents in the prior year.

Normalized net income was €105.6 million, a rise of 47.5% from €71.6 million in the prior year.

Full-year total revenue increased 11.7% year over year to €1.18 billion from €1.05 billion, and total operating expenses grew 9.4% on an annual basis to €1.01 billion from €921.7 million.

The company said reported net income increased 36.2% year over year to €122.2 million, or 8 cents per share, in the full year, from €89.7 million, or 6 cents per share.