Avon beauty revenue raises 5%

Avon Products, Inc. has reported fourth-quarter and full-year 2011 results.

Andrea Jung, Avons Chairman and Chief Executive Officer said: "Despite a challenging fourth quarter, 2011 revenue was up 4% (1% in constant dollars) to USD 11.3 billion. Adjusted operating profit for the year was $1.16 billion and cash from operations was USD 656 million. While 2012 is a year of transition and we are not planning for margin recovery, our priorities are to improve top-line performance, cost management, and cash generation. Additionally, the company plans to maintain its annual USD 0.92 dividend in 2012. As previously announced, the company is conducting an operational and financial assessment of the business. We will update investors at the appropriate time after a new CEO is on board."

Total revenue of USD 11.3 billion increased 4% or was up 1% in constant dollars. Acquisitions contributed 1% to revenue growth during the year. Total Beauty sales were up 5%, or 2% on a constant-dollar basis. Active Representatives declined 1% and units sold were down by 2%.