Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Estée Lauder achieves record fiscal year

Fabrizio Freda, CEO, The Estée Lauder Companies

Fabrizio Freda, CEO, The Estée Lauder Companies

The Estée Lauder group has reported a strong financial performance for its fourth quarter and fiscal year ended June 30, 2013.

For the year, the company achieved record net sales of US$10.18 billion, a 5% increase compared with US$9.71 billion in the prior year. Excluding the impact of foreign currency translation, net sales increased 6%.

Fiscal 2013 marked another record year in which our company achieved a number of historic milestones: US$10 billion in net sales, 15.2% operating margin and US$1 billion in net earnings. Looking at a broader picture, we once again posted sales growth that we believe was greater than global prestige beauty, and achieved strong across-the-board sales gains in each of our geographic regions and major product categories. This year we also advanced our strategic priorities, including enhancing our business in skin care, emerging markets and fast-growing distribution channels. We expect our strong momentum to extend into fiscal 2014,” said Fabrizio Freda, President and Chief Executive Officer.

Click on images to enlarge.

© 2013 - Premium Beauty News -
latest news

A new trade show dedicated to clean beauty in London

Dubbed Clean Beauty in London the new trade show intends to gather experts, scientists, suppliers, brands, influencers and journalists under one roof “to build the future of clean beauty.” Taking place on October 12 & 13, 2020 at The Brewery, located at 52 Chiswell Street at the heart of London, the event aims to encourage (...)

read more
job opportunities
Experts’ views
India emerges as the next beauty giant

Asia Cosme Lab
India emerges as the next beauty giant

Thanks to a growing young population (first youth population in the world) and the emergence of a vast middle class, as well as a higher Internet connection from both urban and rural areas, India is set to emerge as the next beauty giant after China. Asia Cosme Lab took a deep dive in the fascinating Indian market, where both (...)

read more


We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies