NEW YORK--(BUSINESS WIRE)--Aug. 22, 2017--
The Board of Directors of Coty Inc. (NYSE: COTY) declared a quarterly
cash dividend of $0.125 per common share, payable on September 14, 2017,
to shareholders of record on September 1, 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 - 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; Luxury, which is focused on prestige
fragrances and skincare with brands such as Calvin Klein, Marc Jacobs,
Hugo Boss, Gucci and philosophy; and 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 over 20,000 colleagues globally and its products
are sold in over 150 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, 2018, and the amount of any such
dividend; (2) Coty’s ability to achieve its global business strategies,
compete effectively in the beauty industry and achieve the benefits
contemplated by its strategic transactions, including its ability to
manage cash flow, liabilities and any disruptions in its operations and
realize synergies, reduce costs and achieve other potential efficiencies
and benefits 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, each
within the expected time frame or at all; (3) restrictions imposed on
Coty through its license agreements and 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, including the impact of Brexit and the
new U.S. administration; 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 March 31, 2017 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/20170822005157/en/
Source: Coty Inc.
Coty:
Investor Relations
Kevin Monaco, +1 212 389 6815
or
Media
Jennifer
Friedman, +1 212 389 7175