Revlon full year and Q4 results

Published: 12-Mar-2014

The company reported a 7% increase in net sales for the full year 2013.

The company reported net sales of $1.495bn for the full year compared to $1.396bn for the previous year - an increase of 7%.

For the full year, Revlon reported an operating income of $189m, compared to $199.5m in the previous year.

In the consumer segment, net sales were highest in the US, at $800.4m, and lowest in Europe, Middle East and Africa, at $180.2m.

For the fourth quarter of 2013, total company net sales were $491m, an increase of 28% compared to $383.5m in the previous year period.

Operating income was $33.5m compared to $84.8m in the previous year period.

Commenting on the results, Revlon President and Chief Executive Officer, Lorenzo Delpani, said: "We successfully completed our transformational acquisition of The Colomer Group (TCG) on 9 October 2013, reuniting the global Revlon brand and expanding Revlon back into the professional channel. Since the acquisition, we have taken further actions to strategically move the combined business forward. Given the transformational nature of our TCG acquisition and our overall cost reduction opportunities, the primary focus for us in 2014 will be the successful execution of these programs to achieve the combined synergies."

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