Coty Provides Update on Category Leadership, Financial Progress, and Strategy to Fuel Outperformance of Beauty Market at CAGNY 2025 Conference
19 Febbraio 2025 - 6:30AM
Business Wire
Coty to Overdrive Fragrance Category Across
Price Points, from $5 to $500 Leading Position and
Capabilities in Fragrances, Plus Multi-Category Expertise, to Fuel
Expansion On Track to Deliver Leading TSR Through Profit,
EPS, and Free Cash Flow Expansion Strong Progress Towards
~2x Leverage Target Exiting CY26
Regulatory News:
Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest
beauty companies with a portfolio of iconic brands across
fragrance, color cosmetics, and skin and body care, is pleased to
confirm that Chief Executive Officer Sue Nabi and Chief Financial
Officer Laurent Mercier will present at the 2025 Consumer Analyst
Group of New York Conference (CAGNY) on Wednesday, February 19 at
4:00pm EST or 10:00pm CET.
Coty will provide an update on its category leadership,
financial and strategic progress, and how it plans to fuel
outperformance of the beauty market, while capturing white-space
opportunities across categories and price points.
Coty has consistently outpaced the beauty market in 9 of the
last 14 quarters through best-in-class execution of its strategic
growth pillars. The Company continues to leverage its global
leadership position in both prestige and mass fragrances, its
best-in-class fragrance capabilities and robust brand portfolio to
fuel strong sell-out growth for its fragrance business, which
accounts for over 60% of its sales and an even larger portion of
its profit. This fragrance leadership underpins Coty’s strategy to
capture growth in existing and new geographic markets as well as
scenting adjacencies, which together represent a multi-billion
dollar opportunity. At the same time, Coty’s established positions
in cosmetics and bodycare, and strengthening capabilities in
skincare, will further reinforce its multi-category beauty
portfolio.
The Company’s strategic progress is complemented by a
disciplined financial approach and a robust deleveraging agenda.
Over the past 4 fiscal years, Coty has expanded its adjusted gross
margins by over 400 basis points and adjusted EBITDA margins by 130
basis points to 17.8%. In the first half of 2025, Coty reached a
key milestone exiting CY24, reporting a leverage below 3x for the
first time in over 8 years. Coty continues to target steady gross
and EBITDA margin expansion, coupled with double-digit adjusted EPS
growth in the coming years, with leverage declining towards 2x by
the end of CY26.
Sue Nabi, Coty’s CEO, said, “The beauty market has evolved
considerably since we first unveiled our strategy over three years
ago. We see significant growth opportunities for our core brands in
the coming years, particularly in the fragrance category, where
structural tailwinds are supporting category growth. Our fragrance
portfolio delivered outperformance at all price points in the first
half of this year, driven by strong momentum across iconic brands
including Hugo Boss, Burberry, Chloe and Marc Jacobs.
“With 2025 emerging as a key year for the sector, we are
confident in our ability to fuel Coty’s outperformance of the
global beauty market and deliver long-term growth, leveraging our
multi-category beauty expertise, track record of innovation and IP
utilisation, and diversified portfolio of brands across the price
spectrum.”
The presentation accompanying management’s remarks will be
available on Coty’s Investor Relations website, under Events and
Presentations. A live webcast of the presentation will begin at
4:00pm EST or 10:00pm CET, and a replay of Coty’s remarks will be
available at investors.coty.com/news-events-and-presentations.
About Coty Inc.
Founded in Paris in 1904, Coty is one of the world’s largest
beauty companies with a portfolio of iconic brands across
fragrance, color cosmetics, and skin and body care. Coty serves
consumers around the world, selling prestige and mass market
products in over 120 countries and territories. Coty and our brands
empower people to express themselves freely, creating their own
visions of beauty; and we are committed to protecting the planet.
Learn more at coty.com or on LinkedIn and Instagram.
Cautionary Note Regarding Forward-looking Statements
The statements contained in this press release include certain
“forward-looking statements” within the meaning of the securities
laws. These forward-looking statements reflect Coty’s current views
with respect to, among other things, its outlook, expected
guidance, trends and strategic information. These forward-looking
statements are generally identified by words or phrases, such as
“anticipate,” “are going to,” “estimate,” “plan,” “project,”
“expect,” “believe,” “intend,” “foresee,” “forecast,” “will,”
“may,” “should,” “outlook,” “continue,” “target,” “aim,”
“potential” and similar words or phrases. These statements are
based on certain assumptions and estimates that Coty considers
reasonable and are not guarantees of Coty’s future performance, but
are subject to a number of risks and uncertainties, many of which
are beyond Coty’s control, which could cause actual events or
results to differ materially from such statements, including the
factors identified in “Risk Factors” included in Coty’s Annual
Report on Form 10-K for the fiscal year ended June 30, 2024 and its
subsequent quarterly reports on Form 10-Q. All forward-looking
statements made in this press release are qualified by these
cautionary statements. These forward-looking statements are made
only as of the date of this press release, and Coty does not
undertake any obligation, other than as may be required by law, to
update or revise any forward-looking or cautionary statements to
reflect changes in assumptions, the occurrence of events,
unanticipated or otherwise, or changes in future operating results
over time or otherwise.
Coty provides guidance only on a non-GAAP basis and does not
provide reconciliations of such forward-looking non-GAAP measures
to GAAP due to the inherent difficulty in forecasting and
quantifying certain amounts that are necessary for such
reconciliation, including adjustments that could be made for
restructuring, integration and acquisition-related expenses,
amortization expenses, adjustments to inventory, and other charges
reflected in our reconciliation of historic numbers, the amount of
which, based on historical experience, could be significant.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250218381097/en/
For more information:
Investor Relations Olga
Levinzon +1 212 389-7733 olga_levinzon@cotyinc.com
Media Antonia Werther
+31 621 394495 Antonia_Werther@cotyinc.com
Grafico Azioni Coty (NYSE:COTY)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Coty (NYSE:COTY)
Storico
Da Feb 2024 a Feb 2025