NEW YORK--(BUSINESS WIRE)--Feb. 8, 2018--
The Board of Directors of Coty Inc. (NYSE:COTY) declared a quarterly
cash dividend of $0.125 per common share, payable on March 15, 2018, to
shareholders of record on February 28, 2018.
About Coty Inc.
Coty is one of the world’s largest beauty companies with approximately
$9 billion in pro forma revenue, an iconic portfolio of brands and a
purpose to celebrate and liberate the diversity of consumers’ beauty. We
believe the beauty of humanity lies in the individuality of its people;
beauty is at its best when authentic; and beauty should make you feel
happy, never sad. As 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, Burberry, 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 and internal reorganizations,
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, 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, Coty’s ability to refinance or
recapitalize its debt, 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, the current U.S. administration and
recent changes in the U.S. tax code; 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 quarter
ended September 30, 2018 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/20180208005112/en/
Source: Coty Inc.
Coty:
Investor Relations
Kevin Monaco, +1 212 389 6815
or
Media
Jennifer
Friedman, +1 212 389 7175