Natura &Co Holding S.A. (NYSE:NTCO) Q2 2023 Earnings Call Transcript

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As the business continues to grow, that adds pressure basically in the cash consumption that you have in your balance sheet. So, we are in that journey, and it has been a big focus for the company. And we will continue to do so as incentives are aligned for the company to deliver better working capital and free cash flow dynamics.

Operator: There are no further questions at this time, so that concludes our question-and-answer session. I would like now to turn the floor back over to Fabio Barbosa for his closing comments. Please, sir, go ahead.

Fabio Barbosa: Thank you very much for being with us today. Our results improved in first half 2023. We are still not satisfied with them. We continue to be strongly focused on delivering our strategy, further position Natura &Co on the course towards strong profitability and low leverage, allowing us to pursue meaningful and sustainable growth in the future. Closing the sale of Aesop, implementing Wave 2 in LatAm, continue to work on simplifying and turning around our international assets while delivering our ESG agenda are all fundamental steps that will help us achieve our ambition. Thanks for your attention, and have a great day. Thank you.

Operator: The conference has now concluded. Thank you for your participation, and you may now disconnect. Have a good day.

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