September 11, 2017 / 2:54 PM / 10 months ago

Brazil's Natura expands board, sets guidance for first time

SAO PAULO, Sept 11 (Reuters) - Natura Cosméticos SA, the Brazilian cosmetics producer that recently bought the Body Shop International Plc, began on Monday to release operational and debt targets for coming years to bolster investor confidence.

In a securities filing, Natura said it expects the Body Shop to post annual earnings before interest, tax, depreciation and amortization between $100 million and $115 million by Dec. 2019. Natura’s consolidated debt should decline to 1.4 times annual EBITDA by 2022, from an expected 3.6 times EBITDA at the end of this year.

The company also picked Roberto de Oliveira Marques as chairman, while increasing the number of board seats to 10. (Reporting by Guillermo Parra-Bernal)

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