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LR Group confirms preliminary figures for the first half of 2022

·4-min read

DGAP-News: LR Global Holding GmbH / Key word(s): Half Year Results
LR Group confirms preliminary figures for the first half of 2022
31.08.2022 / 07:25 CET/CEST
The issuer is solely responsible for the content of this announcement.

LR Group confirms preliminary figures for the first half of 2022

  • Group sales in the first half of 2022 at EUR 131.5 million

  • Normalized EBITDA of EUR 16.5 million

  • Outlook for 2022: Positive impetus in the second half of the year from the sales offensive and the upcoming launch of new products

Ahlen, August 31, 2022 – LR Global Holding GmbH, Europe’s leading digital social selling company in the area of high-quality health and care products, today publishes its final Interim Report 2022 and confirms the preliminary figures for the first half of 2022 already announced on August 10, 2022. According to the report, the LR Group generated sales (revenue from goods sold) of EUR 131.5 million in the first six months of 2022 (previous year: EUR 153.2 million). In addition, the LR Group achieved normalized EBITDA of EUR 16.5 million in the first half of 2022, compared to EUR 22.7 million in the same period of the previous year.

Dr. Andreas Laabs, Chief Executive Officer (CEO) of LR Health & Beauty SE, explains: “LR’s business model has proven to be resilient also in the first half of the year. With our ongoing sales offensive ‘Crazy Summer’ and the new product launches we have planned, we want to continue to give our business positive impetus in the second half of the year and create optimal conditions for our partners’ success. Alongside this, in view of the challenging underlying conditions, we will continue to focus on forward-looking procurement management in order to source the resources we need as efficiently as possible while ensuring our ability to deliver.”

Further information on the first half of 2022 is available as of today in the Interim Report 2022 on the company’s website at https://ir.lrworld.com/.

 

LR Group
Following the motto “More quality for your life“, the LR Group with headquarters in Ahlen/Westphalia produces and markets various health and beauty products in around 28 countries. As a modern social selling platform, the company combines personal exchange in its community with efficient, digital solutions. This expertise is particularly evident in the “LR Connect” app developed by LR itself, which supports the community in building and developing its business. The community often acting as micro influencers is young, flexible and increasingly uses social media as a sales platform.

LR’s goal is to improve people’s well-being and health with its portfolio – consisting of nutritional supplements and personal care, health representing close to 65% and beauty 35% of our sales. That is why the company continuously develops new products – from the power of nature in combination with the latest scientific findings.

The processing of Aloe Vera has been one of the core competencies of LR Health & Beauty for almost 20 years. Only the valuable inside of the leaf is used for the products. In Ahlen, the company has established one of the most modern Aloe Vera production sites for Aloe Vera Drinking Gels in Europe. LR has been firmly established in the market for over 35 years with around 1,200 employees and more than 300,000 registered community members. LR also established the LR Global Kids Fund e.V. which provides efficient and unbureaucratic support for deprived children and their families in many different countries around the world in cooperation with local institutions. The commitment to take responsibility in terms of ESG is part of LRs philosophy. Since 2020 LR started using FSC-certified paper, takes various measures to avoid plastic consumption and switched to green power.

 

Your contacts:

PR contact:
LR Global Holding 
Almut Kellermeyer  
Head of PR / Public Affairs 
Kruppstraße 55 
59227 Ahlen 
Phone: 02382 7060-106
E-mail: a.kellermeyer@LRworld.com
https://ir.lrworld.com/

IR contact:
cometis AG
Thorben Burbach
Unter den Eichen 7 | Gebäude D
65195 Wiesbaden
Phone: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
E-mail: burbach@cometis.de


31.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

LR Global Holding GmbH

Kruppstr. 55

59227 Ahlen

Germany

Phone:

+49 238270600

E-mail:

info@lrworld.com

Internet:

www.lrworld.com

ISIN:

NO0010894850

WKN:

A3H3FM

Listed:

Regulated Unofficial Market in Frankfurt; Stockholm

EQS News ID:

1431503


 

End of News

DGAP News Service

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