Natura &Co Holding S.A. (OTCPK:NTCOY) Q4 2024 Earnings Conference Call March 14, 2025 8:00 AM ET
Company Participants
Fabio Barbosa – Chief Executive Officer
Joao Paulo Ferreira – Chief Executive Officer for Latin America
Guilherme Castellan – Chief Financial Officer
Conference Call Participants
Joseph Giordano – JPMorgan Chase & Co.
Danniela Eiger – XP Investimentos
Joao Pedro Soares – Citigroup Inc.
Vinicius Pretto – Itau BBA
Andrew Ruben – Morgan Stanley
Operator
Again welcome to our Fourth Quarter 2024 Earnings Call for Natura &Co. It is important to highlight that we have simultaneous translation in this platform. [Operator Instructions] Today with us we have Fabio Barbosa, Global CEO for Natura &Co.; Joao Paulo Ferreira, CEO of Latin America; and Guilherme Castellan, our CFO. This presentation is available on our Investor Relations website.
I will now give the floor to Fabio Barbosa. Go ahead, sir.
A – Fabio Barbosa
Good morning, and thank you for being here with us for this call about the fourth quarter of 2024 and the full year of 2024. We are going to start by recapping this journey towards simplifying the group that started in July 2022. Since then, we have sold Aesop and TBS and progressed towards deleveraging and integrating the Natura and Avon brands in Latin America in 2023. With this, we arrived in 2024, integrating Natura and Avon, called Wave 2 in Brazil, and we’re going through the voluntary restructuring of API Avon Products, Inc., which was closed in December, as you know.
With regards to Avon International, we repurchased operations outside the U.S. through a credit offer of $125 million. But its operating result continues to be pressured by the deleveraging of revenues.
In Latin America, on the other hand, we showed a year of strong revenues and profitability, expanding 40 base points year-on-year. Wave 2
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