Coty continues falling. The American group has sold 1.3% less in the third quarter of the current fiscal year up to 1,281.6 million dollars. Losses have been slightly higher than those recorded in the same period of the previous fiscal year.
In the third quarter of the year, Coty has registered in the third quarter of the year red numbers for a value of 405.7 million dollars, 0.87% more than in the same period of the previous year, when losses stood at 402.2 million dollars. In the midst of this crisis, Coty has recently remodeled its board of directors with five new independent directors.
The operating result has been negative in the third quarter at 372 million dollars, compared to the 280.40 million dollars recorded in the third quarter of the previous fiscal year. The adjusted gross operating result (ebitda) stood at 127 million dollars in the third quarter, while in the same period of the last fiscal year it did so at 204.2 million dollars.
In the accumulated first nine months of the current fiscal year, losses of 447.9 million dollars have been significantly higher than in the same period of the previous year, located at 280.90 million dollars.
The revenues in this period of time have stood at 4,537.4 million dollars, while in the same period of the last fiscal year they stood at 4,640.5 million dollars.
Coty has fallen 3.6% in Americas in the third quarter, with sales worth 510.4 million dollars. In EMEA the fall has been 2%, losing the 600 million dollar barrier, down to 597.6 million dollars.
Coty's most premium categories have remained constant in the third quarter, with flat evolution and recording sales worth 830.9 million dollars.