Natura Cosméticos net revenues up 30.1%

01 Aug '05

7 min read

Ebitda And Net Income
2Q05 EBITDA amounted to R$128.7 million, up 25.9% compared to 2Q04 (R$102.2 million).

EBITDA margin posted a slightly decrease from 23.9% in 2Q04 to 23.1% in 2Q05.

In 1H05, EBITDA totaled R$223.8 million, a 21.3% growth over 1H04 (R$184.6 million).

EBITDA margin went from 24.4% in 1H04 to 22.7% in 1H05.

The international expansion process generated additional net expenses of R$9.0 million in the
2Q05 result compared to 2Q04 (2Q05: R$11.1 million vs. 2Q04: R$2.1 million).

In 1H05, this additional expense amounted to R$14.1 million (1H05: R$18.6 million vs. 1H04: R$4.5 million). The international expansion process is a strategic effort for the company's continuous growth. For 2005, total net expenses estimated for the expansion process is
R$41.0 million (2004: R$12.2 million).

In 2Q05, net income totaled R$87.9 million, up 11.5% compared to R$78.8 million posted in 2Q04. Lower net income growth compared to EBITDA growth resulted primarily from:
- Lower profit in 2Q05 vs. 2Q04, due to: (i) positive impact on 2Q04 of the reversal of provision for financial expenses, which resulted from the capitalization of BNDESPAR debentures at the time of the IPO and (ii) marking to market those debts whose settlement were anticipated to 2Q05.

- Increase of the average rate of IR/CSLL (income tax / social contribution on profit), mostly as a result of losses generated by international operations and, also, of the lower weight of goodwill amortization on the income tax and social contribution calculation base.

More Fashion News - Brazil...