OTB Group has finalized its 2023-2025 strategic plan, confirming its ambitious organic growth targets as well as its interest in potential acquisition targets in the luxury goods industry.

Meanwhile, the Group started discussions with Euronext in order to change its market of reference from Euronext Amsterdam to Euronext Paris as part of an initiative to simplify its structure, given the limited trading activity in that market.

For the full fiscal year 2022, reported net sales were $12.44 billion, showing an increase of 7% compared to the prior year period. On a comparable basis, currency-neutral sales increased by 9%, with growth achieved across all divisions, led by double-digit increases in Nourish and Pharma.

In Full Year, sales increased by 18.5% to €38.26 billion reportedly and by 10.9% on a LFL basis. In Q4, sales rose 13.5% reportedly to €10.32 billion and 8.1% on a LFL basis.

For the full fiscal 2022, Unilever’s turnover jumped 14.5% to €60.1 billion and underlying sales growth reached 9%. GAAP operating profit surged 24% compared to 2021 to hit €10.8 billion.

During the reporting period, the group also initiated a stock buyback plan, repurchasing approximately 5.7 million common shares for approximately $300 million in the open market.

Chief Finance Officer Laurent Mercier said that Coty would implement new price increases in a very granular manner.

Driven by continued strong brand momentum across major markets, annual sales were at a record 26.5 billion Danish crowns last year.

The business in China has certainly seen sequential improvements in Q3. And that’s been better than in the previous quarter. And the group has “seen that momentum carry forward into January, as the country continues to reopen”.

Skechers hits record sales in 2022, but net profit plummets.