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 - www.premiumbeautynews.com
latest news
Focus
MakeUp in newYork hosted more than 3800 visitors, with a growth of 12% of international guests.

MakeUp in New York moves to Javits Center to continue growing

The latest edition of MakeUp in NewYork was a huge success, announced the organisers. Held at the Center415 on 5th Avenue, in Manhattan, on September 11&12, 2019, the two-day B2B event dedicated to the makeup and skincare supply chain welcomed more than 3800 visitors, with a growth of 12% of international guests. Brazil, Canada, (...)

read more
job opportunities
Experts’ views
100% natural and biodegradable film former offers enhanced sun care protection

Brittany Pease
100% natural and biodegradable film former offers enhanced sun care protection

LexFilm Sun Natural MB is a multidimensional film-forming polymer which imparts superior water-resistance to sunscreens in comparison to leading synthetic polymers. This latest innovation addresses consumers’ demand for natural ecofriendly ingredients, while supporting brands in their new product development goals as they navigate (...)

read more

Features

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
close