LR Global Holding GmbH, Europe’s leading digital social selling company in the area of high-quality health and care products, today publishes its figures for the third quarter of 2022 and for the first nine months of the 2022 financial year.
In the third quarter of 2022, the LR Group recorded a positive sales trend despite market conditions in important target markets remaining challenging, and gradually approached the previous year’s strong sales figures.
This is reflected accordingly by the sales generated in the third quarter of 2023, which at EUR 65.1 million re-approached the level of the record 2021 year (previous year: EUR 67.7 million) and thus was only 3.7 percent lower than in the same period of the previous year.
This was especially due to the pleasing trend in the important home market of Germany. Overall, the LR Group achieved sales (revenue from goods sold) of EUR 196.6 million in the first nine months of 2022.
This corresponds to a decrease of 11.0 percent compared with the exceptionally strong prior-year period (previous year: EUR 220.8 million), which was characterised by positive effects from the COVID-19 pandemic, particularly in the first two quarters.
Furthermore, the LR Group achieved normalized EBITDA of EUR 22.4 million