Coty Inc (CO3A.DE) Q4 2024 Earnings Report

Coty reported QQ4 2024 revenue of $1.363B with a gross margin of 60.7%, but the quarter delivered a net loss of $96.9M and an EBITDA of $52.1M. The operating income was modest at $36.4M, and the net result was pressured by significant non-operating costs and tax effects, culminating in negative net income and a negative earnings per share of $0.12. Free cash flow remained positive at $116.7M, driven by working capital improvements and capped capital expenditure, while operating cash flow stood at $176.5M. The balance sheet shows substantial leverage with total debt at $4.263B and net debt of $3.943B, against cash of $320.6M, resulting in liquidity and coverage metrics that imply a heavy reliance on financing and potential sensitivity to macro/headwinds. The company’s margin profile remains respectable on a gross basis, but profitability is constrained by high SG&A, interest expense, and other non-cash or non-operating items. Management commentary (where available) emphasizes ongoing cost discipline and strategic initiatives in its prestige portfolio, though formal forward guidance is not contained in the dataset. Investors should monitor deleveraging progress, cadence of margin improvement, and the transformation of its brand mix toward higher-margin prestige products.