SÃO PAULO – Natura & Co, which owns the brands Aesop, The Body Shop and Natura, reported consolidated net income of R $ 132.8 million in the third quarter of 2018, more than double the R $ 61 million obtained a year earlier. The results exceed the average of the projections compiled by Value with seven financial institutions, which show R $ 94 million for the last balance sheet.
During this period, net financial expenditure decreased by 40.5% to R $ 163.945 million, mainly due to R $ 100.2 million in costs with derivatives which were recorded and completed in the third quarter of 2017 and decreased costs related to the acquisition of the British network The Body Shop , completed in September last year.
From July to September, consolidated net income from cosmetics producers reached R $ 3.241 billion, an increase of 37.1%. Again, the results are above the average expected by analysts R $ 3.177 billion.
Natura & Co consolidated revenue before interest, tax, depreciation and amortization (Ebitda) reached R $ 483 million in the third quarter, a 7.2% increase compared to year-on-year. Cash calculations measured by indicators are also higher than expected by the market, which is R $ 444,783 million.