on LR Health & Beauty SE (isin : NO0013149658)
LR Health & Beauty SE Reports Strong Start to 2024
Ahlen, 28 May 2024 – LR Health & Beauty SE, a leader in digital social selling of health and beauty products, has posted positive results for the first quarter of 2024. The company reported revenues of EUR 72.6 million, marking a slight increase of 0.8% despite adverse currency effects.
The normalised EBITDA for the quarter was EUR 7.8 million, down from EUR 8.7 million in the same period of the previous year. This decline is attributed to refinancing costs related to the redemption of an old bond and the issuance of a new bond.
LR Health & Beauty SE continues to focus on the digitalisation of business processes and product innovation. The company’s AI-driven chatbot, "LR-Vera," and digital platform, LR neo, are enhancing customer service and sales support. New product launches, including the BODY MISSION segment, are contributing notably to growth.
The company maintains a positive outlook for 2024, expecting steady sales and a stable EBITDA compared to last year. The full report is available on the company’s website.
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