PARIS – Coty Inc. raised its fourth-quarter and full-year 2023 guidance throughout the group’s first investor conference in Paris on Thursday.

It significantly increased the corporate’s financial outlook for the remaining of this yr, and got down to detail how Coty is leveraging its European heritage and end-to-end capabilities to realize strong and balanced growth.

The group raised its guidance to 12 percent to fifteen percent sales growth on a like-for-like basis for the fourth quarter. Coty has also, for the third time this yr, increased its profit outlook for full-year 2023, when it expects now to succeed in adjusted EBITDA of $965 million to $970 million, against the previous guidance of $955 million to $965 million, despite incurring near $70 million in negative currency-exchange impacts. That can include greater than $10 million within the fourth quarter.

The conference comes on the heels of Coty announcing that it’s looking right into a dual listing on Paris Euronext, while also trading on the Latest York Stock Exchange.

“Throughout its history, the U.S. and Europe have been Coty’s centers of gravity, and our exploration of a dual listing in Paris is a natural next step,” Sue Nabi, chief executive officer of Coty, said in a press release.

She underlined the corporate is tapping into the potential of ultra-premium skincare, ultra-premium scenting, China, Brazil and travel retail.