(News Bulletin 247) – Coty, an American manufacturer of beauty products, reported Tuesday a twelfth consecutive quarter of results in line with or above expectations.
During its staggered fourth quarter, which ended at the end of June, sales of its prestige division, which specializes in luxury goods, jumped 21% compared to last year.
The consumer beauty branch, the group’s largest, recorded growth of 10% at constant scope and exchange rates over the quarter.
For the full year, adjusted EBITDA rose 7% to $972.8 million, above the higher forecast range of $965-970 million.
For its new fiscal year, Coty says it is targeting adjusted EBITDA of $1,065 to $1,075 million, for expected revenue growth of nearly 8% at constant scope and exchange rates, the high end of its growth algorithm. in the medium term (6%-8%).
Following this publication, the title evolved without much direction (-0.1%) in pre-market quotations on Wall Street.
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