HK a top performer for L’Occitane, retailer posts 126m euros profit

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L’Occitane International reported net income of 125.6 million euros for the year ended March 31, representing an increase of 35.7 percent.

Sales increased by 11.7 percent to 1.17 billion euros, the luxury retailer of skincare and fragrances announced in a filing to the stock exchange of Hong Kong today.

In Hong Kong it has 36 stores including 3 L’Occitane stores in Macau and 10 Melvita stores in Hong Kong , and operates 161 in the mainland. It has 214 stores in the US.

Growth was primarily driven by China, Japan, Hong Kong, and the United States.

China, (20.1 percent) Hong Kong, (13.1 percent), Brazil (10.6 percent) and Russia (10.4 percent) were among the fastest growing countries at constant exchange rates.

Same store sales growth increased to 5.7 percent compared with 3.7 percent last year.

Sales in Hong Kong amounted to 134.2 million euros, an increase of 21.2 percent compared with the financial year 2014. At constant exchange rates, the growth was 13.1 percent, contributing 13.4 percent to overall growth.

Read more at The Standard Hong Kong.

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