Coty Inc grows in income and surpasses his estimates

The brand registers an increase of 15% in volume of sales with regard to the same period of the 2021

Editorial
01 of September of 2022
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Although the inflation, the rise of prices and the uncertainty is something that concerns and keeps in suspense to the big majority of industries, seems that it is something that does not arrive to the sector beauty, or when seeming, to some signatures as it is the case of Coty. The past 25 August, Reuters informed that the American company did not show any symptom of deceleration and his actions went up of value.

In this last quarter, thanks to the strong demand of the luxury, Coty has surpassed the number of sales that stirred in his own forecasts. The signature has registered a turnover of 5.300 million dollars, what represents 15% more than in the same period of the previous year. Burberry, Gucci and Chloé attained in figure of sales the 3.200 million dollars, 20% more with regard to the past year. In what we carry of economic exercise, according to the figures offered by Coty have reached already the 5.304 million turnover. Only in Europe, the region that is considered like the most important for the group, has seen like the data of turnover reach already the 2.488,1 million dollars, that supposes a growth of 14%. This increase by part of Coty has been propiciado by the volume of sales of the line Prestige, of cosmetic premium. Especially, the products that have perceived like a demand unswerving have been bases of make-up and lipstick.

His more direct competition, Estée Lauder, also has surpassed the expectations of sales that handled and admit that the situation has gone better of what expected owing to the current tendency in which the consumer prioritises the personal care as a result of the 'gone back to the normality' after two years of pandemic.