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On the occasion of International Fragrance Day, L'Oréal, the beauty and fragrance world leader, and EMOTIV, the leading neurotechnology company, announced today a strategic partnership in beauty, to help consumers make accurate and personalised choices around their fragrance desires.
Annual General Meeting
L’Oréal, the world’s leading beauty company, announced terms of information availability regarding the Annual General Meeting to be held on Thursday 21 April 2022 and the 2021 Universal Registration Document.
TERMS OF INFORMATION AVAILABILITY REGARDING THE ANNUAL GENERAL MEETING OF THURSDAY 21 APRIL 2022
Prizes
L’Oréal, the world’s leading beauty company, today announced that it has received a Long-Term Issuer Credit rating of AA from Standard and Poor’s and an Issuer Rating of Aa1 from Moody’s. The outlooks assigned to the ratings by both agencies are ‘Stable’.
International
L’Oréal strongly condemns the Russian invasion and the war in Ukraine, which is causing so much suffering to the Ukrainian people. Since February 24, 2022, our absolute priority has been to support our over 300 Ukrainian employees and their families.
Appointment
David Greenberg appointed CEO of L’Oréal USA, President of North America Zone
David Greenberg has been appointed CEO of L'Oréal USA, President of North America Zone, and member of L'Oréal Executive Committee, effective immediately. David succeeds Stéphane Rinderknech, who has decided to continue his career outside of the Group.
Finance
On Friday 25 February 2022 at 3.10 p.m. Paris time (9.10 a.m. EST), Nicolas Hieronimus, Chief Executive Officer spoke at the 2022 Consumer Analyst Group of New York Conference.
Click here to access the replay
Click here to download the presentation of Nicolas Hieronimus, Chief Executive Officer
Others
36 cosmetics and personal care companies as well as professional associations have joined forces to form the EcoBeautyScore Consortium, aiming to develop an industry-wide environmental impact assessment and scoring system for cosmetics products.
Results
A historic year: +16.1% growth 1,
twice the beauty market growth
Very strong increase in profits
Sales: 32.28 billion euros
+16.1% like-for-like 1
+16.9% at constant exchange rates
+15.3% based on reported figures
Sales growth compared to 2019: +11.3% like-for-like
Record operating profit: 6.16 billion euros, 19.1% of sales
Prizes
For the 5th consecutive year, L'Oréal Group was recognized by Bloomberg Gender-Equality Index 2022 for having successfully created an inclusive and equal work environment.