Coty – Page 2 – Beautifaire

29 Sep

PARIS — On its first day of trading on the skilled segment of Euronext Paris Thursday, Coty Inc.‘s stock remained stable, closing the day down about 0.1 percent to 10.39 euros. The maker of CoverGirl and Lancaster products began trading on the exchange at 3:30 p.m. CET. As previously reported, the wonder company, which is already listed on the Recent York Stock Exchange, on Monday announced the launch of a world offering of 33 million shares of Coty’s outstanding Class A standard stock. It is an element of a plan to secure a double listing in Paris. The worth was set at 10.28 euros, or $10.80 per share. Coty said in May that it was looking right into a dual listing. The corporate had...

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26 Sep

Coty Makes Paris Dual Listing Official – WWD

by Beautifaire101

Beauty, Featured

Coty is officially moving ahead with its dual listing plans on the Paris Stock Exchange. The wonder company, whose brands include Covergirl, Lancaster and Kylie Cosmetics, announced the launch of a worldwide offering of 33 million shares of Coty’s outstanding Class A typical stock. Coty has applied for the listing and trading of its Class A typical stock on the skilled segment of Euronext Paris. Investors will then have the choice to buy Coty shares either in euros for shares listed on Euronext Paris or dollars for shares listed on the Latest York Stock Exchange. The completion of the proposed offering is subject to a lot of conditions. In an interview with WWD in May, Coty Inc chief executive officer Sue Y. Nabi...

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20 Sep

Coty Lifts Sales Outlook on Back of Fragrance Boom

by Beautifaire101

Beauty, Featured

Coty Inc. raised its full-year sales outlook because the fragrance effect shows no sign of slowing. The wonder company, which holds the fragrance licenses for myriad brands comparable to Gucci and Hugo Boss, said that within the 4 weeks because it released its latest quarterly earnings it has seen strong momentum in beauty demand across key markets and categories, particularly in prestige fragrances as Burberry Goddess sets latest market records. Consequently, Coty is now expecting core like-for-like sales growth of between 8 percent and 10 percent for fiscal 2024, up from its earlier guidance of 6 percent to eight percent. At the identical time, Coty lifted its adjusted EBITDA forecast to between about $1.08 billion and $1.09 billion, from a variety of $1.07...

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22 Aug

It Was Each Hit and Miss for Coty in

by Beautifaire101

Beauty, Featured

Coty Inc. delivered on the highest line, but not on profit in the ultimate quarter of its 2023 fiscal yr. The wonder company, whose brands include Kylie Cosmetics, Lancaster and CoverGirl, reported net revenue of $1.4 billion in its fourth quarter ended June 30, up 16 percent year-over-year. Analysts had been expecting around $1.3 billion. Net income was $29.6 million, compared with a net lack of $286 million within the prior yr. Adjusted EPS of 1 cent improved from a lack of 1 cent within the prior yr, but got here in below Wall Street predictions for two cents. The prestige segment led through the quarter, with each reported and like-for-like sales growth of 21 percent versus the prior yr. Consumer beauty revenue rose...

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