Earnings Call Summary | Coty Inc(COTY.US) Q3 2024 Earnings Conference
Earnings Call Summary | Coty Inc(COTY.US) Q3 2024 Earnings Conference
The following is a summary of the Coty Inc. (COTY) Q3 2024 Earnings Call Transcript:
以下是科蒂公司（COTY）2024年第三季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Coty Inc. reported Q3 revenue growth of 10%, and year-to-date growth of 13%.
Q3 saw adjusted gross margin increase by 190 basis points, with year-to-date fiscal adjusted gross margin at 64.4%.
Adjusted operating income and adjusted EBITDA both reported double-digit year-over-year growth, contributing to a 30 basis point expansion in the EBITDA margin.
The company raised its FY24 growth forecast for the third time this year, expecting revenues to hit the upper end of the previously announced 9%-11% range.
The company anticipates an Adjusted EPS, excluding the equity swap, in the high-end range of $0.44 to $0.47, reflecting strong year-over-year growth of 16%-25%.
Net debt at the close of Q3 stands at around $3.7 billion, translating to leverage of about 3.4 times, up from 3.1 times owing to seasonally low Q3 cash flow and share buyback expenses.
科蒂公司報告第三季度收入增長10％，年初至今增長13％。
第三季度調整後的毛利率增長了190個點子，年初至今的財政調整後毛利率爲64.4％。
調整後的營業收入和調整後的息稅折舊攤銷前利潤均實現了兩位數的同比增長，促成息稅折舊攤銷前利潤率增長了30個點子。
該公司今年第三次上調了24財年的增長預期，預計收入將達到先前宣佈的9％-11％區間的上限。
該公司預計，調整後的每股收益（不包括股票互換）將在0.44美元至0.47美元的高端區間內，反映出16％-25％的強勁同比增長。
第三季度末的淨負債約爲37億美元，相當於約3.4倍的槓桿率，高於3.1倍，這要歸因於第三季度現金流季節性低迷和股票回購支出。
Business Progress:
業務進展：
Coty Inc. reported robust like-for-like growth across all core segments, including: fragrances, color cosmetics, skin care, and body care in all regions.
The company is actively making progress across its strategic growth pillars, planning for balanced growth in the future powered by volume and a more premiumized mix, supplemented by targeted pricing.
Highlights for Q3 include accelerating momentum in skincare, with the Lancaster brand growing over 25%, and Luxury fragrance business witnessing substantial growth due to successful product launches.
In the digital space, Coty achieved strong e-commerce growth of nearly 20% year-to-date and boosted its reach and engagement on social media platforms.
Its commitment to sustainability was marked by achieving carbon neutrality in eight sites and expanding solar panel use across four sites.
The company's financial targets are set towards consistently deleveraging its balance sheet, with a target of 2.5 times leverage by the end of 2024 and 2 times by the end of 2025.
Future plans also include divesting its Wella stake by the end of 2025, and expecting a full-year free cash flow of around $400 million which is in line with fiscal year 2023.
Coty Inc.報告稱，所有核心細分市場均實現了強勁的同比增長，包括：所有地區的香水、彩妝、護膚和身體護理。
該公司正在其戰略增長支柱方面積極取得進展，計劃在銷量和更優化的組合的推動下實現未來的平衡增長，並輔之以定向定價。
第三季度的亮點包括護膚品勢頭加快，蘭開斯特品牌增長超過25％，奢侈香水業務由於成功推出產品而實現了大幅增長。
在數字領域，Coty今年迄今實現了近20％的強勁電子商務增長，並提高了其在社交媒體平台上的影響力和參與度。
其對可持續發展的承諾以在八個地點實現碳中和以及在四個地點擴大太陽能電池板的使用範圍爲標誌。
該公司的財務目標是持續實現資產負債表去槓桿化，目標是到2024年底槓桿率達到2.5倍，到2025年底達到2倍。
未來的計劃還包括在2025年底之前剝離其在威拉的股份，並預計全年自由現金流約爲4億美元，與2023財年持平。
More details: Coty Inc IR
更多詳情： Coty Inc IR
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譯文內容由第三人軟體翻譯。