THE WHAT? Natura &Co has reported a Q4 net loss of 890.4 million reais (US$169.7 million), with lower revenues reported across all business sectors.

THE DETAILS Q4 consolidated net revenue reached R$10.39 billion, up 3 percent at constant currency and down 10.8 percent in BRL, driven by double-digit constant currency growth at Natura &Co, Latam and Aesop.

Adjusted EBITDA margin was 10.5 percent, down 280 bps vs the same period last year, reflecting a ‘challenging environment and continued investments.’

Aesop’s entry into the Chinese market was spotlighted as a quarter highlight.

THE WHY? Natura &Co  highlighted a ‘resilient performance’ in Q4, with Fabio Barbosa, Group CEO, stating: “In the challenging environment we faced in 2022, we decided in mid-year to reassess the group’s growth model to enter a new stabilization cycle. 

“Important changes were carried out, such as a stronger focus on profitability and cash conversion, a revision of the cost structure and the role of the Holding company, alongside important revisions in our footprint worldwide to position the business for success going forward.”