NEW YORK--(BUSINESS WIRE)--Nov. 9, 2017--
The Board of Directors of Coty Inc. (NYSE:COTY) declared a quarterly
cash dividend of $0.125 per common share, payable on December 14, 2017,
to shareholders of record on November 30, 2017.
About Coty Inc.
Coty is one of the world’s largest beauty companies with approximately
$9 billion in pro forma 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 mass
color cosmetics, mass retail hair coloring and styling products, body
care and mass fragrances 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 Annual Report on Form 10-K for the fiscal year
ended June 30, 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/20171109005243/en/
Source: Coty Inc.
Coty:
Investor Relations
Kevin Monaco, +1 212 389 6815
or
Media
Jennifer
Friedman, +1 212 389 7175