SAO PAULO, July 8 (Reuters) – Brazilian cosmetics maker Natura on Wednesday reported preliminary second-quarter consolidated net revenue between 5.1 billion reais and 5.2 billion reais ($1.01 billion), down 9% to 10% from a year earlier.
Despite the sales decline, Natura said it expected reported EBITDA margin to increase from the first quarter, helped by lower severance expenses and efficiencies from its new operating model. It said more complete quarterly results will be released on August 10.
($1 = 5.1618 reais)
(Reporting by Isabel TelesEditing by Tomasz Janowski)
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