Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . HIGHLIGHTS Groupe L'OCCITANE L'OCCITANE INTERNATIONAL S.A. 49 , Boulevard Prince Henri L - 1724 Luxembourg R.C.S. Luxembourg : B80359 ( Incorporated under the laws of Luxembourg with limited liability ) ( Stock code : 973 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 * The Group is pleased to announce strong financial results in FY2022 H1 , with a record interim net profit of € 60.6 million , equivalent to 8.7 % of reported net sales and a growth of 262 % as compared to the same period last year . The Group's restructuring efforts , prudence in capital expenditures and targeted investments in key channels and countries all contributed to the outstanding results . Reported net sales grew 12.9 % and like - for - like sales grew 18.6 % * Gross profit margin declined by 2.4 % to 79.7 % , due mainly to one - off deconsolidation of L'Occitane , Inc. and channel mix as wholesale and travel retail sales rebounded . Operating profit reached € 78.9 million , or 11.3 % of reported net sales . On 15 November 2021 , the Group announced the acquisition of a majority stake in Sol de Janeiro , an innovative leader in the global premium body care market . This acquisition is in line with the Group's ongoing strategy to build a leading and geographically - balanced group of premium beauty brands . At constant exchange rates and assuming L'Occitane , Inc. remained part of the Group KEY INTERIM FINANCIAL INFORMATION The board ( the “ Board ” ) of directors ( the “ Directors ” ) of L'Occitane International S.A. ( the “ Company ” ) is pleased to announce the consolidated interim results of the Company and its subsidiaries ( the “ Group " ) for the six months ended 30 September 2021 ( “ FY2022 H1 " ) together with comparative figures for the six months ended 30 September 2020 ( " FY2021 H1 " ) . The following financial information , including the comparative figures , has been prepared in accordance with International Financial Reporting Standards ( " IFRS ” ) as issued by the International Accounting Standards Board . 1-