Conference Call Transcription - 1Q07


Atualizado em 2007-05-04T16:12:54
All the dates of this page are presented in official timezone of Brasilia - Brazil.

File Text

Local Conference Call
            Natura Int'l - (30067)
          1Q07 Earnings Presentation
                April 27, 2007

Begins at 10.03"
                Q & A SESSION

Operator: Ladies and gentlemen, we  will  now
begin the Question  and  Answer  session.  If
you have a question, please  press  the  star
(*) key, followed by the one (1) key on  your
touch-tone phone now.  If  at  any  time  you
would  like  to  remove  yourself  from   the
questioning queue, press * two.

Our first  question  comes  from  Lore  Serra
from Morgan Stanley.

Ms. Lore Serra: Good morning. I guess I  have
a couple. Let me just...  if  I  could  start
with making  sure  I  understand  the  market
growth and you  were  helpful  in  giving  us
some off the data in terms of the  first  two
months of the  year.  Both  of  these  growth
rates  of   6.5%   in   the   cosmetics   and
fragrants' market and  in  personal  hygiene,
seem low both relative  to  what  the  growth
was last year as well as the growth  you  had
in the quarter. So I guess  I  am  wondering,
was there something about in March  that  was
a much different quarter and could  you  help
us understand if you have  a  perspective,  I
know you don't  like  to  give  growth  rates
forecasts for the year  but...  help  us  put
those 6% and 10% nominal  growth  rates  into
perspective - that would be helpful?

Mr.  Alessandro  Carlucci:  Hi   Lore,   It's
Alessandro speaking. How are you?

Ms. Serra: I'm fine, thanks.

Mr. Carlucci: Even though you are right  that
the growth of our CFT market was  lower  than
the previous year, in  2006,  the  market  in
the first  two  months  grew  less  than  the
Atualizado em 2007-05-04T16:12:54
All the dates of this page are presented in official timezone of Brasilia - Brazil.