Zhitong Financial App News, L'OCCITANE (00973) announced interim results for the six months ended September 30, 2021, net sales of about 696 million euros, an increase of 12.9% over the same period last year; gross profit of about 555 million euros, an increase of 9.6% over the same period last year; profit attributable to equity owners of the company was 59.888 million euros, an increase of 297.6% over the same period last year; profit per share was 0.041 euros.

Leaving aside the fact that Lakers OccitaneMagna Inc. Combined with the accounting impact of accounting, the group's net sales were 725 million euros, an increase of 17.6 per cent at the reported exchange rate and 18.6 per cent at the fixed exchange rate. The considerable growth was mainly due to the end of COVID-19 restrictions and the return to normal retail traffic. Retail, tourism retail and wholesale channels have all rebounded strongly. Despite the reopening of retail stores, online channels remain strong, accounting for 33.1% of total sales.

The total number of retail locations of the Group decreased from 3088 on 31 March 2021 to 3074 on 30 September 2021, a decrease of 14 locations or 0.5 per cent. The number of proprietary retail stores decreased from 1523 on March 31, 2021 to 1501 on September 30, 2021, a net decrease of 22 or 1.4 per cent. The Group strategically closed its underperforming stores in the first half of fiscal year 2022, including 14 stores closed in the United States under the Chapter 11 restructuring plan.

According to the announcement, gross profit margin decreased 2.4% to 79.7%, mainly due to Lakers OccitaneMagol Inc. The one-off termination of comprehensive bookkeeping and the changing mix of channels as a result of the rebound in wholesale and retail tourism sales.