Full Year 2025 Intercos SpA Earnings Call Transcript
Key Points
- Intercos SpA (LTS:0AAR) achieved a gross profit increase of 151 basis points due to better mix and productivity gains.
- Adjusted EBITDA grew by 9% to EUR156 million, with a margin improvement of 143 basis points over the previous year.
- The company reported a strong cash conversion rate of 47% and improved its net debt to EBITDA ratio to 0.64 times.
- Make-up business unit showed a 6% growth at current rates, outperforming the market and consolidating global leadership.
- Asia region posted a 6% growth despite negative currency effects, with both Make-up and Skincare contributing positively.
- Top line was flat at constant rates and slightly down at current rates due to currency headwinds and market softness.
- Skincare experienced a mid-single-digit decline, particularly impacted by US tariffs and lack of local manufacturing.
- Hair & Body registered a double-digit decline, affected by fewer fragrance launches and lower packaging sales.
- The company faced a negative impact of EUR2.5 million on EBITDA due to currency fluctuations.
- Emerging brands posted a double-digit decline, heavily impacted by the Hair & Body segment in EMEA.
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Intercos Group full-year 2025 financial results conference call. As a reminder, all participants are in listen-only mode. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Renato Semerari, Chief Executive Officer of Intercos Group. Please go ahead, sir.
Thank you very much. Good afternoon, everyone. Thanks for attending our fiscal year '25 earnings call. In a year, once more marked by severe geopolitical tensions, which have created significant uncertainties and a visible softness in global beauty consumption, Intercos has decided to focus its efforts on the recovery of the profitability loss during the last three years of strong top line growth. This called for an overall reduction of sales with packaging component and the focalization on the BUs centered around innovation. I'm glad to note that our efforts were successful and paid the expected
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