Coty: Q4 in line with expectations
(CercleFinance.com) - Perfume maker Coty has reported Q4 2017-18 adjusted net income that has more than doubled to 106.
6 million dollars, meaning EPS of 14 cents, in line with the consensus.
The group improved its operating margin by six points to 10% for net revenues that were up 2.6% to 2.3 billion dollars, although this was flat in comparable terms: a decline in the performance of Consumer Beauty offset the growth in Luxury and Professional Beauty.
In addition to these results, the New York based group announced the resignation of Patrice de Talhouët, Executive Vice President and CFO, from mid-September, who will pursue other career opportunities.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6 million dollars, meaning EPS of 14 cents, in line with the consensus.
The group improved its operating margin by six points to 10% for net revenues that were up 2.6% to 2.3 billion dollars, although this was flat in comparable terms: a decline in the performance of Consumer Beauty offset the growth in Luxury and Professional Beauty.
In addition to these results, the New York based group announced the resignation of Patrice de Talhouët, Executive Vice President and CFO, from mid-September, who will pursue other career opportunities.
Copyright (c) 2018 CercleFinance.com. All rights reserved.