Coty showcased impressive Q4 and FY 2024 results with notable revenue and EBITDA growth. The company's success is attributed to its standout performance in the beauty market, driven by successful fragrance launches like Burberry Goddess and Gucci Flora Gorgeous Orchid.
Coty emphasized marketing strategies that enhanced iconic brands such as Rimmel and CoverGirl, resulting in significant growth across Prestige and Consumer Beauty segments. Despite facing setbacks like a loss in FQ4 due to the equity swap mark-to-market, Coty remains optimistic for FY25, aiming for substantial revenue growth led by prestige fragrances and travel retail business expansion.
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