NEW YORK--(BUSINESS WIRE)--May 10, 2017--
The Board of Directors of Coty Inc. (NYSE:COTY) declared a quarterly
cash dividend of $0.125 per common share, payable on June 13, 2017, to
shareholders of record on May 31, 2017.
About Coty Inc.
Coty is one of the world’s largest beauty companies with approximately
$9 billion in revenue, with a purpose to celebrate and liberate the
diversity of consumers’ beauty. Its strong entrepreneurial heritage has
created an iconic portfolio of leading beauty brands. Coty is the global
leader in fragrance, a strong number two in professional salon hair
color & styling, and number three in color cosmetics. Coty operates
three divisions – Coty Consumer Beauty, which is focused on color
cosmetics, retail hair coloring and styling products, body care and mass
fragrances sold primarily in the mass retail channels with brands such
as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on
prestige fragrances and skincare with brands such as Calvin Klein, Marc
Jacobs, Hugo Boss, Gucci and philosophy; and Coty Professional Beauty,
which is focused on servicing salon owners and professionals in both
hair and nail, with brands such as Wella Professionals, Sebastian
Professional, OPI and ghd. Coty has approximately 20,000 colleagues
globally and its products are sold in over 130 countries. Coty and its
brands are committed to a range of social causes as well as seeking to
minimize its impact on the environment.
For additional information about Coty Inc., please visit www.coty.com.
Forward-Looking Statements
Certain statements in this communication may be “forward-looking
statements” within the meaning of the Private Securities Litigation Act
of 1995. These forward-looking statements reflect Coty Inc.’s (“Coty”)
current views with respect to, among other things, Coty’s capital
allocation strategy and payment of dividends, future ability to return
cash to shareholders, and Coty’s ability to support its planned business
operations in the near-term and long-term basis. These statements are
based on certain assumptions and estimates that Coty considers
reasonable and are subject to a number of risks and uncertainties, many
of which are beyond the control of Coty, which could cause actual events
or results to differ materially from such statements, including: (1) a
change in Coty’s capital allocation strategy, including M&A activity,
impacting the return of cash to shareholders and its financial ability
to declare dividends on a quarterly payout schedule or at all, including
declaration and payment of future quarterly dividends for the remainder
of the fiscal year ending June 30, 2017, and the amount of any such
dividend; (2) Coty’s ability to achieve its global business strategy,
compete effectively in the beauty industry and achieve the benefits
contemplated by its recent strategic transactions within the expected
time frame, including its ability to manage cash flow, liabilities and
any disruptions in its operations and realize synergies from its joint
ventures and recent acquisitions, including from the integration from
The Procter & Gamble Company’s global fine fragrances, salon
professional, cosmetics and retail hair business ; (3) restrictions
imposed on Coty through its credit facilities, including restrictions on
Coty’s ability to pay dividends and changes in the manner in which Coty
finances its debt and future capital needs, including potential
acquisitions; (4) global political and/or economic uncertainties and
disruptions; and (5) other factors described from time to time in
documents that Coty files with the U.S. Securities and Exchange
Commission (the “SEC”). More information about these and other factors
is included under the heading “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in Coty’s Quarterly Report on Form 10-Q for the fiscal
quarter ended December 31, 2016 and other periodic reports Coty has
filed and may file with the SEC from time to time. All forward-looking
statements made in this communication are qualified by these cautionary
statements. These forward-looking statements are made only as of the
date of this communication, and Coty does not undertake any obligation,
other than as may be required by law, to update or revise any
forward-looking or cautionary statements to reflect changes in
assumptions, the occurrence of events, unanticipated or otherwise, or
changes in future operating results over time or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170510005137/en/
Source: Coty Inc.
Coty
Investor Relations
Kevin Monaco, +1 212 389 6815
or
Media
Jennifer
Friedman, +1 212 389 7175