L'Occitane Q2 and H2 2020 Mark Strong Growth

L’Occitane has released its Q2 and H1 2020 results (unaudited). Net sales for Q2 were €374.7 million, a year-over-year jump of 21.7% at constant rates and 25.5% at reported rates. Net sales for the first half of the financial year totaled €727.2 million, a rise of 19.0% at constant rates and 22.1% at reported rates compared to the same period 2019.

During Q2, L’Occitane en Provence grew 10.6% while LimeLife grew 10.1%. Results for Elemis, which was purchased in March 2019, did not have growth comparisons for the period, but did post Q2 sales of €43.7 million.