The fiscal results for third quarter 2017, which ended on March 31, have been announced for Coty.
Q3 2017
- Coty’s net revenues reached $2.032 billion, a >100% increase from $950.7 million in third quarter 2016.
- The luxury segment’s net revenues were $634.6 million, a 56% increase from $405.9 million in third quarter 2016, reflecting the acquisition of P&G Beauty Business.
- The consumer beauty segment’s net revenues were $988.6 million, a >100% increase from $488.5 million in third quarter 2016, reflecting the acquisition of P&G Beauty Business and Younique.
- The professional beauty segment’s net revenues were $408.9 million, a >100% increase from $56.3 million in third quarter 2016, reflecting the acquisition of P&G Beauty Business and ghd.
First Nine Months Fiscal 2017
- Coty’s net revenues reached $5.409 billion, a 65.2% increase when compared to the first nine months of fiscal 2016.
CEO of Coty, Camillio Pane, was quoted saying, “Regarding acquisitions, the recently announced agreement to acquire the long term exclusive license of the Burberry Beauty business should further strengthen our Luxury portfolio of brands without a material impact to our leverage ratio, highlighting our disciplined approach to valuation, and maintaining a strong balance sheet…In sum, I am confident that the strategies and action plans we are deploying throughout the organization are setting the stage to realize the enormous potential of Coty as a global leader and challenger in beauty."
Coty has also declared a $0.125/share quarterly dividend, which will be payable June 13 for shareholders of record as of May 31.
