Coty holds investor conference ahead of planned European IPO

Coty holds investor conference ahead of planned European IPO

THE WHAT? Coty has hosted its first investor event in Paris in a bid to buddy up to the European investment community in advance of its planned IPO.

THE DETAILS During the conference, Coty detailed how it is leveraging European heritage and end-to-end capabilities to achieve strong and balanced growth; the company has upped its FY23 guidance significantly, now forecasting revenue growth of 12 to15 percent LFL.

THE WHY? The event follows Coty’s recently announced intention to explore a dual listing on Paris Euronext. Sue Nabi, Chief Executive Officer of Coty, commented, “Throughout its history, the US and Europe have been Coty’s centers of gravity and our exploration of a dual listing in Paris is a natural next step. Since Coty invented modern perfumery over 120-years ago in Paris, this heritage and consistent innovations have cemented our position as a global beauty powerhouse. As we mark this monumental anniversary as a beauty leader, we are delighted to host this investor conference in Paris to celebrate our continuing success across Prestige and Consumer Beauty, while deepening our connections with the European investment community.”

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