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Without new brands, organic net revenues fall 5% for the year.
August 22, 2017
By: Christine Esposito
Editor-in-Chief
Coty says net revenues for the fiscal year ended June 30, 2017 rose 76% to $7.65 billion. Excluding the positive contribution from the acquisitions of ghd, Younique, and seven additional months of Hypermarcas Brands, the company’s combined organic net revenues declined 5% on a constant currency basis. Fourth quarter net revenues were $2.2 billion, an increase of >100% as reported compared to Legacy-Coty net revenues in the prior-year period. Excluding the positive contribution from the acq...
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