报告名称：L'Occitane International Alert(00973.HK)9MFY16 sales broadly in li
报告类型：港股研究
报告日期：2016-01-28
研究机构：德意志银行
股票名称：L'OCCITANE
股票代码：00973
页数：1
简介：9MFY16 sales grew 11.6% (5.8% in LCY) to EUR984.7m – in line with DB –and accounted for 75% of FY sales vs. 77%/76%/75% in FY13/14/15. SSSG was 1.8% in 9M16 vs. 2.1%/1.6% in 1Q16/1H16. L'Occitane opened 82 stores (excl. seven stores acquired from distributors in Norway) in 9MFY16 incl. 19 in China, 18 in US. Sell-out sales grew 5.9% yoy in LCY, mainly driven by store network expansion; sell-in sales grew 5.4% yoy in LCY.
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