Tag Archive for LR Health

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LR Health & Beauty 2024 Revenue Up 3% To $295 Million

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Sales increase to EUR 276.5 million; EBITDA reported reaches EUR 31.4 million
Digitalisation and sales activities promote partners’ career development
Expansion of innovative product range provides for positive business outlook 

LR Health & Beauty SE, Europe’s leading digital social selling company in the area of high-quality health and beauty products, today announced its final figures for the 2023 financial year.
Accordingly, LR Health & Beauty SE generated sales (revenue from goods sold) of EUR 276.5 million (2022*: EUR 269.4 million). This meant that the company achieved a slight increase in sales of around 3% year-over-year despite negative currency effects.
Furthermore, LR Health & Beauty SE achieved a normalized EBITDA of EUR 35.4 million in the 2023 financial year, compared to EUR 36.0 million in the previous year. EBITDA reported increased to EUR 31.4 million in 2023 compared to the previous year’s figure of EUR 31.1 million.
Valdemaras Gordinskis, Vice President Global Controlling and Investor Relations of the LR Group, comments:

“2023 was a very strong year for LR. We were able to drive forward our strategic initiatives, and many partners saw successful career developments. With BODY MISSION and Mind Master Gold, we managed to achieve two of the three best product launches in the history of our

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LR Health Named Andreas Laabs As New CEO

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The current CFO and COO of LR Global Holding GmbH, Dr. Andreas Laabs, will assume the role of Chief Executive Officer (CEO) of LR Health & Beauty SE and management responsibility for the entire LR Group as of 27 May 2022.
Dr. Laabs succeeds Andreas Friesch, who is stepping down from his position as CEO of LR Health & Beauty SE and his other management positions in the LR Group for personal reasons as of 27 May 2022.
“I would like to thank Andreas Friesch for the joint successes we have achieved for the LR Group and wish him all the best on behalf of all LR employees and partners.
I am looking forward to building on the foundations laid with the LR management team. We will continue to further digitalize our corporate structures and drive forward our international expansion by expanding our business in South Korea.
Together, we are tackling the challenges of the current market environment. In particular, we are dealing with the currently unpredictable development of the macroeconomic situation due to the conflict with Russia, the general pressure on supply chains and global trade and the resulting restraint in private consumption.
Nevertheless, we are confident that we will be

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LR Group 2021 Sales Up 4% To $310 Million

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Group sales in 2021 increased by 4.0% to EUR 296.2 million (USA $ 310 Million)
EBITDA reported at the upper end of the earnings forecast at EUR 36.8 million
LR Global Holding GmbH, Europe’s leading digital social selling company in the area of high-quality health and care products, published its final, audited figures for financial year 2021 today, confirming the positive, preliminary figures for the past reporting year.
According to these figures, the LR Group was able to increase its sales (merchandise revenues) by 4.0% to EUR 296.2 million in financial year 2021 (previous year: EUR 284.9 million) and continue its growth course after an extraordinarily strong previous year. All regions contributed positively to the development of sales in 2021.
Furthermore, based on final figures, the LR Group achieved normalised EBITDA of EUR 41.6 million in financial year 2021, compared to EUR 42.5 million in the same period of the previous year.
In addition, the company improved its EBITDA reported slightly to EUR 36.8 million (previous year: EUR 36.7 million). This was at the upper end of the forecast for EBITDA reported of EUR 33 million to EUR 37 million for 2021.
“The LR Group developed successfully and further strengthened its market position in 2021.
This

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LR Health CEO Thomas Stoffmehl Steps Down

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LR Health & Beauty Systems GmbH, Ahlen, one of Europe´s direct sales companies for health and beauty products, has appointed a new CEO.
With immediate effect Andreas Friesch is taking over from Dr. Thomas Stoffmehl who leaves the company by mutual agreement.
Dr. Stoffmehl who has consequently and successfully driven the strategic and operational reorientation of LR over the last years has decided not to prolong his engagement at LR.
Andreas Friesch’ professional experience roots in the European direct sales industry. He headed the Thermomix Division at Vorwerk Deutschland Stiftung & Co. KG from 2008 to 2018.
In this capacity, he was responsible for the German sales organization overseeing more than 16.000 sales partners. Due to his strong commitment Andreas Friesch played a major role in the international success of the Thermomix and made the German Thermomix business the most successful within the Vorwerk-group.
Currently, LR Health & Beauty is represented in 28 countries. Andreas Friesch will lift the considerable potential of the company by introducing new and innovative products which are sold by thousands of LR sales partners.
In future, the management team of the LR Group will comprise Andreas Friesch (CEO), Thomas Heursen (Global Partner Relations) and Dr. Andreas Laabs (CFO/COO).
About LR
Under the motto

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LR Launches Its First Health Product For A Quick Energy Boost

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LR Health & Beauty is further expanding its competencies in the health sector.
The Ahlen-based network marketing company launches its first product for a quick energy boost: LR LIFETAKT Mind Master Extreme is a quick energy boost for mental and physical performance in to-go format.
LR Health & Beauty is further expanding its competencies in the health sector. LR LIFETAKT Mind Master Extreme is a quick energy boost for mental and physical performance in to-go format.
LR has over 20 years of experience in the development and production of health products. This segment is one of the main growth drivers of the company. Up to now, the focus has been on dietary supplements that are consumed over the long term. Now the product portfolio is being expanded.
“Life is becoming more and more fast-paced and the challenges of everyday life are increasing. We now offer a solution that helps consumers to quickly cope with stressful situations.
 
In addition, LR LIFETAKT Mind Master Extreme provides our sales partners with an innovative product that supports them in expanding their business”,
says Dr. Thomas Stoffmehl, CEO of LR Health & Beauty.
People are more and more frequently on the way and have little time. They need products that

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