Q3 2025 Intercos SpA Earnings Call Transcript
Key Points
- Intercos SpA (LTS:0AAR) achieved a 12% EBITDA growth year-to-date in fiscal 2025, resulting in a 143 basis points margin improvement.
- The company reported a strong performance in its core color business, which was up 9%, contributing to overall sales growth.
- Make-up, the best-performing business unit, grew by 9% and now accounts for over 60% of sales.
- Asia, particularly China and Korea, continues to be a key growth driver with high single-digit growth.
- Intercos SpA is focusing on restoring profitability and has implemented a plan to enhance innovation and manufacturing expansion, including new reporting lines for regional R&D to improve speed in responding to trends.
- Sales in the third quarter were down by 2.7% at constant rates, primarily due to a decline in packaging components.
- The US market remains challenging, with a softer-than-expected performance and a flat market trend over the past two years.
- Skincare showed a slight decline of 3% year-to-date, driven by first-quarter results and tariff impacts, particularly affecting Switzerland.
- Hair & Body business unit experienced a double-digit decline, mostly driven by fragrance and packaging components.
- The company faces negative foreign exchange impacts, which have affected overall sales performance.
Good evening. This is the Chorus Call conference operator. Welcome, and thank you for joining the Intercos nine months 2025 financial results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Renato Semerari, CEO of Intercos. Please go ahead, sir.
Thank you very much. Good evening, everybody, and thanks for joining our call. In a global market that has continued to display softer-than-normal trends, especially in volume terms and especially in the US market, Intercos kept focusing on restoring profitability after three years of exceptional top line expansion with a CAGR of plus 16.5%, but with a margin dilution that was apparent in these three years.
This focus, if you move to my second slide, brought Intercos to achieve a 12% EBITDA growth in fiscal '25 year-to-date, resulting in a 143 basis points margin improvement. The macro blocks that led us to these results are a slightly positive volume component, a
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
