Another quarter of improved margins driving turnaround on profitability at natura &co

Fiscal year registered positive net cash of brl 1.7 billion net income reached brl 3.0 billion, of which brl 979 million will be distributed as dividends sÃo paulo, march 12, 2024 /prnewswire/ -- natura &co's (b3:ntco3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the natura and avon brands in latin america, and divest non-core assets to deleverage and simplify its corporate structure. natura &co's 2023 consolidated net revenue reached brl 26.7 billion in the year, up 3.5% vs 2022 in constant currency (cc) and down 8.5% year-on-year in brazilian reais (brl).
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