Natura &Co Holding S.A. (OTCPK:NTCOY) Q3 2024 Earnings Convention Name November 8, 2024 7:00 AM ET
Firm Members
Fabio Barbosa – Chief Government OfficerJoao Paulo Ferreira – Chief Government Officer for Latin AmericaGuilherme Castellan – Chief Monetary Officer
Convention Name Members
Joseph Giordano – JPMorgan Chase & Co.Ruben Couto – Santander Funding Securities Inc.Danniela Eiger – XP InvestimentosJoao Soares – Citigroup Inc.Irma Sgarz – Goldman Sachs Group, Inc.Gustavo Fratini – Financial institution of America Merrill Lynch
Operator
Good morning, women and gents, and thanks very a lot for ready. Welcome to our Third Quarter 2024 Earnings Name of Natura &Co. You will need to spotlight the truth that we rely on simultaneous translation sources. [Operator Instructions]
Right this moment with us Fabio Barbosa, International CEO for Natura &Co; Joao Paulo Ferreira, CEO; and Guilherme Castellan, our CFO. This presentation is obtainable on our Investor Relations web site.
I want to go the ground to Fabio Barbosa. You could now proceed.
Fabio Barbosa
Good morning, and thanks very a lot for attending this convention. Beginning our monetary efficiency, I want to spotlight the truth that it was a wonderful quarter. There was a continued acceleration in gross sales with a rise of 18.5% in fixed foreign money, or 11%, excluding Argentina. This good motion in revenues mixed primarily with working leverage and the simplification of the operation allowed us to report a strong evolution on profitability. Profitability expanded by 340 bps and recurring to EBITDA greater than 50%. Wave 2 evolving, delivering anticipated outcomes, profitability and money conversion and money conversion. Joao Paulo offers you particulars about Wave 2.
This optimistic consequence is not going to but be capable to be seen on the final line. On the squadron, we’re already de-consolidating the outcomes of API subsidiaries from the outcomes
