Coty: annual targets revised

(CercleFinance.com) - Coty announces that strong demand for beauty products, particularly in prestige fragrances, and its successful innovation have led it to raise its outlook for H1 and FY 2023-24.


The beauty and skincare house now expects LFL core sales growth of +10%-12% (instead of +8-10%) for H1, bringing its FY forecast to between +8% and 10%.

Likewise, Coty now expects FY adjusted EBITDA of about $1075m to $1085m at current exchange rates, up from a previous implicit forecast of $1065m to $1075m.

Coty adds that it remains committed to achieving a best-in-class medium-term growth algorithm, including average annual EPS growth in the mid-20% range.


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