Natura Cosmeticos Posts 2.9-Percent Net Revenue Growth In First Quarter 2016

Natura Cosmeticos reported consolidated net revenue grew 2.9 percent in the first quarter of 2016, compared with the same quarter in 2015. International operations posted net revenue growth of 42.4 percent, accounting for 33.6 percent of the company’s total net revenue, compared with 24.3 percent in the first quarter of 2015. In Brazil, gross and net revenue contracted by 5.4 percent and 9.8 percent, respectively, compared with the same quarter in 2015. For the quarter, the company posted a consolidated net loss of R$69 million. Consolidated EBITDA reached R$217 million, dropping 24.1 percent compared with the first quarter in 2015.