Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

BREAKING

Greece May Be Cut by S&P

JPMorgan Says Natura Cosmeticos Sales to Improve

Don't Miss Out —
Follow us on:

April 10 (Bloomberg) -- Natura Cosmeticos SA, Latin America’s largest cosmetics maker, will see faster sales growth as it improves distribution, according to JPMorgan Chase & Co.

“Natura is going through an inflection point in sales,” Andrea Teixeira, a senior analyst for the bank in New York, said in an interview. “Sales will likely recover because of the distribution and logistics initiatives in the past 12 months.”

Natura’s revenue increased 8.9 percent to 5.59 billion reais in 2011 ($3.05 billion), according to data compiled by Bloomberg, the slowest growth since at least 2003.

The shares rose 3.8 percent to 41.50 reais at the close of trading in Sao Paulo, the biggest advance on the Bovespa, which fell 1.9 percent today. Natura has gained 14 percent this year.

Teixeira has a neutral rating on the shares and a December price target of 47 reais.

To contact the reporters on this story: Zachary Tracer in New York at ztracer1@bloomberg.net; Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net