LR Global Holding GmbH announces successful refinancing and confirms increased results for 2023

LR Global Holding GmbH, European leader in digital social selling of high-end health and beauty products, announced that it had successfully refinanced its 2021/2025 bond in advance thanks to a new issue amounting to €130 million. euros by the parent company LR Health & Beauty SE. This operation is part of a promising business development.

For the year 2023, the company confirmed growth in sales to 276.5 million euros and an EBITDA of 31.5 million euros, reflecting the success of its product development and digitalization strategy. LR Global Holding plans to expand its offering with launches of new innovative products.

Dr. Andreas Laabs, CEO of LR Health & Beauty SE, highlights the importance of this financial transaction for the continuation of the corporate strategy, in particular to support the career development of partners through product innovation and digitalization.

The report on the fourth quarter of 2023 is available on the company's website, with the publication of the audited financial results for the year 2023 planned for the end of April 2024. The LR group also continues to focus on supporting the careers of its partners and international expansion.