Coty has reported its Fiscal 2013 results. Net revenues of $4,649.1 million increased 2% like-for-like and 1% as reported.

The company had an adjusted operating income of $572.8 million, which increased 8% at constant currency and 7% at actual rates from $535.9 million in the prior-year period. Adjusted earnings per diluted share increased to $0.82 from $0.78 in the prior-year period.

Net cash provided by operating activities, excluding cash used for private company stock option exercises, was $618.4 million compared to $593.3 million in the prior-year period.

Free cash flow, excluding cash used for private company stock option exercises, was $394.5 million for fiscal 2013 compared to $385.9 million in fiscal 2012.

For the Fourth Quarter, net revenues of $1,058.8 million increased 4% like-for-like and 3% as reported, and there was an adjusted operating income of $45.4 million increased from $11.6 million in the prior-year period.

Adjusted net income of $9.9 million increased from ($2.3) million in the prior-year period, and adjusted earnings per diluted share increased to $0.03 from ($0.01) in the prior-year period. Net cash provided by operating activities, excluding cash used for private company stock option exercises, was $214.1 million compared to $183.4 million in the prior-year period.

Michele Scannavini, CEO of Coty Inc., commented:

“Coty delivered another year of positive financial performance. Our increase in net revenues was driven by growth in our Fragrances and Color Cosmetics segments as well as positive developments across all regions, particularly the emerging markets”

Scannavini continued, “Operating and net income grew faster than revenues, contributing to margin expansion and demonstrating our ongoing focus on operational efficiency. We continue to show strong ability to convert earnings into cash, enabling us to keep investing to support our growth. We remain committed to our long term strategy to grow revenues in line or faster than the markets and segments where we compete, and to grow earnings faster than sales, driving continuous margin expansion.”