Natura Cosmeticos SA (OTC:NUACF) Q1 2018 Earnings Conference Call May 11, 2018 10:00 AM ET
Roberto Marques - Executive Chairman of the Board
Marcel Goya - Director of Finance and Investor Relations
João Paulo Brotto Gonçalves Ferreira - Chief Executive Officer and Chief Financial Officer
Guilherme Assis - Brasil Plural
Robert Ford - Bank of America Merrill Lynch
Marco Calvi - Itaú BBA
Tobias Stingelin - Credit Suisse
Alexander Robarts - Citibank
Franco Abelardo - Morgan Stanley
Olivia Petronilho - JPMorgan Chase & Co.
Good morning, ladies and gentlemen. Thank you for waiting. At this time, would like to welcome everyone to Natura & Co Conference Call on the First Quarter Results. Today with us, we have, Mr. Roberto Marques, Executive Chairman of the Board for Natura & Co; Mr. João Paulo Ferreira, Natura's CEO; Mr. Marcel Goya, Director of Finance and Investor Relations; Mr. Luiz Palhares, Investor Relations.
This event is being recorded, and all participants will be in a listen-only mode during the company's presentation. After Natura's remarks are completed, there will be a question-and-answer session. At that time, further instructions will be given.
We have simultaneous translation into Portuguese, and questions may be asked normally by participants connected from abroad, either in English or Portuguese. [Operator Instructions] We have a simultaneous webcast that may be accessed through Natura's IR website, www.natura.net/investor. The slide presentation may be downloaded from this website. There will be a replay facility for this call on the website after the end of the event.
Before proceeding, please be informed that forward-looking statements are being made under the safe harbor of the Securities Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of Natura management and on information currently available to the company. They involve risks, uncertainties and assumptions because they relate to future events, and therefore, depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of Natura and could cause results to differ materially from those expressed in such forward-looking statements.
Now, I'll turn the conference over to Mr. Roberto Marques, Natura & Co's Executive Chairman of the Board. Mr. Marques, the floor is yours.
Thank you, Natalie. Good morning to all of you and thanks again for joining us on this conference call to present Natura & Co first quarter results. As this call comes short after our Natura & Co Day, during which the CEOs of the three brands made extensive presentations, we are in a slightly smaller configuration than our previous call.
I'm joined today by João Paulo, the CEO of Natura, who will present his company's Q1 performance; and Marcel Goya, Finance and Investor Relations Director, who will present the key consolidated figures for the quarter.
I will comment on the performance of The Body Shop and Aesop, and then we'll be happy after our remarks to take your questions.
As usual, we'll be referring during this call to the presentation that you can also download on our website. So let me start on Slide 3, which is the key highlights of Q1. Overall, I would say that Natura & Co is off to a strong start of the year with solid top-line and bottom line growth in the quarter. Pro forma consolidated net revenue was up 11% and comparable consolidated EBITDA rose by a very solid 58.4% on a pro forma basis.
I think we are firing in all cylinders with each of our three businesses contributing to this very satisfactory performance. Natura regained leadership position in the cosmetic, toiletries and fragrance market in Brazil, confirming that the company is back on track on its home market. And we continue to post a strong growth elsewhere in Latin America.