The Zhitong Finance app learned that L'Occitane (00973) fell by more than 4%. As of press release, it fell 4.25% to HK$20.3, with a turnover of HK$19.272,800.

According to the news, L'Occitane announced yesterday that for the six months ended September 30, 2023 (first half of fiscal year 2024), net sales were 1,072 million euros, an increase of 18.5% at the reported exchange rate, or 24.9% at a fixed exchange rate. Furthermore, in the second quarter of fiscal year 2024, ELEMIS's overall sales in the UK and US declined.

According to the Lyon Research Report, the company's 2024 fiscal quarter sales rose 25.3% year on year, which is generally in line with expectations, but sales of its brand Eleris contracted again. L'Occitane's rating was downgraded from “buy” to “outperform the market”, and the target price was lowered from HK$26.1 to HK$24.