The Stock Exchange of Hong Kong does wonders for L’Occitane

L’Occitane International S.A, a global natural and organic ingredient-based cosmetics and well being product enterprise, has announced its first set of annual results after its successful listing on the main board of The Stock Exchange of Hong Kong. The net sales for the year ended 31 March 2010 increased by 13.9 percent and operating profits gained 36.9 percent to 110.2 million euros. Reinold Geiger, Chairman and Chief Executive Officer, L’Occitane, says, “2009 was a year of ups and downs for the world economy. Despite a challenging business environment, we managed to deliver an encouraging set of results for the first time as a listed company. This demonstrates the company’s strong brand equity and sound planning and execution capability driven by a clear principle of pursuing profitable growth”. L’Occitane will continue to increase its number of retail stores internationally in the emerging markets of China, Brazil, India, Mexico, as well as developed countries such as Japan, US, UK, Germany and Korea.