NEW YORK--(BUSINESS WIRE)--May 9, 2018--
The Board of Directors of Coty Inc. (NYSE: COTY) declared a quarterly
cash dividend of $0.125 per common share, payable on June 14, 2018, to
shareholders of record on May 31, 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, Bourjois 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 portfolio
rationalization and 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, outstanding senior notes 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 and restructuring, business realignment
and other costs; (4) global political and/or economic uncertainties and
disruptions, including the impact of Brexit and recent changes to 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 December 31, 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: https://www.businesswire.com/news/home/20180509005189/en/
Source: Coty Inc.
Coty:
Investor Relations
Kevin Monaco, +1 212 389 6815
or
Media
Jennifer
Friedman, +1 212 389 7175