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Revlon Inc narrows Q2 losses, announces SGI

06 Aug '05

10 min read

The second initiative is focused on the more mature cosmetics consumer segment, which is a large and growing demographic group currently underserved by existing cosmetics offerings. "They have developed a full range of products specifically for this important group of women, who have told us that their current products no longer work for them. To address this, they are introducing the ideal cosmetics system, products and shades for her changing skin," continued Peponis.

Stahl continued, "Delighted with the strong indications of support they are receiving on these initiatives from their retail partners, and I believe the announcements underscore their focus on growth. At the same time, they are also very focused on reducing their costs and executing against their previously disclosed operating margin objective. They believe that their strong top-line outlook, coupled with operating margin potential, positions us well to achieve their objective of long-term profitable growth and value creation."

Commenting specifically on the Company's outlook for 2005 and beyond, Stahl stated, "For 2005, they expect that these initiatives will have a very positive impact on their revenues, while not having a meaningful positive or negative impact on Adjusted EBITDA. As it relates to 2006, they expect strong top-line performance and related significant investment spending behind the new initiatives, resulting in there expecting solid Adjusted EBITDA growth for the year. Based on the progress they have made over the past several years and their plans going forward, they expect earnings momentum to accelerate beyond 2006, fueled by both growing top line and operating margin improvement opportunities."

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