Overview
- Full‑year net revenue reached €5.04 billion, up 7.8% like‑for‑like (+5.3% reported), with reported net profit of €594 million and adjusted net profit of €587 million as margins improved.
- Fourth‑quarter revenue totaled €1.45 billion with like‑for‑like growth of 9.8%, though currency movements reduced the quarter by 3.6%.
- Makeup generated €845 million (17% of sales), rising 13.7% like‑for‑like for the year and 26.5% in Q4, led by Charlotte Tilbury’s innovation plus Amazon US distribution and entry into Mexico.
- Fragrance and fashion remained the core at €3.65 billion (72% of sales) with 6.4% like‑for‑like growth, while skincare delivered €551 million and grew 8.9% like‑for‑like.
- EMEA delivered €2.75 billion (55% of sales), the Americas €1.76 billion (35%), and APAC €530 million (11%) with the fastest organic growth, as management warns FX pressure will persist into early 2026 including the Argentina hyperinflation adjustment effect.