Natura &Co（NTCO3.BZ）Sharp loss， despite improved results in LatAm； Avon Chapter 11
UBS·2024-08-13 16:47

ab 13 August 2024 Global Research and Evidence Lab First Read Natura &Co Sharp loss, despite improved results in LatAm; Avon Chapter 11 Avon's chapter 11 drives sharp net loss Although 2Q adj. EBITDA of 804m came-in just slightly below of expectations (UBSe R827m),netlosscame−inatasharp−R827m), net loss came-in at a sharp -R859m (vs. UBSe at +R80m),duetoa+R80m), due to a +R 725m write-off in Avon-related deferred taxes, as the company announced the Chapter 11 request of its subsidiary Avon Products, holding of the Avon beauty brand. As part of t ...