Coty Inc. (NYSE:COTY) will host a call discussing its Turnaround Plan on
Monday, July 1, 2019 at 9:00 a.m. (ET). The call will be led by Pierre
Laubies (Coty CEO) and Pierre-André Terisse (Coty CFO).
Those wishing to access the webcast can do so at http://investors.coty.com.
The webcast will also be archived on the website.
About Coty Inc.
Coty is one of the world’s largest beauty companies with over $9 billion
in 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, Sally Hansen
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 approximately 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, the election date for
electing stock dividends, the basis of calculating the equity portion of
future 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 and cash management priorities 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, 2019 and in future periods, and the amount of any
such dividend; (2) Coty’s ability to develop and achieve its global
business strategies, compete effectively in the beauty industry and
achieve the benefits contemplated by its strategic initiatives, and its
ability to manage the continued integration of the P&G Beauty Business
and other recent acquisitions with Coty’s business, operations, systems,
financial data and culture and the ability to realize synergies, avoid
future supply chain and other business disruptions, reduce costs and
realize other potential efficiencies and benefits (including through
Coty’s restructuring initiatives), cash flow and liabilities, each at
the levels and costs and within the expected time frame or at all; (3)
restrictions imposed on Coty through its license agreements, outstanding
senior unsecured 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, capital expenditures, and business
realignment and other costs; (4) global political and/or economic
uncertainties and disruptions or major legal, regulatory or policy
changes and/or the enforcement thereof that affect Coty’s business,
financial performance, operations or products, including the impact of
Brexit; 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.
Notice
This release shall not constitute an offer of securities for sale
pursuant to the stock dividend reinvestment program that is mentioned.
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