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‘Cell-free’ advanced biomanufacturing innovator receives investment in industry-exclusive agreement
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On 21 April, more than 1,500 shareholders gathered at the Palais des Congrès in Paris for L’Oréal’s Annual General Meeting. The pivotal yearly event provides an opportunity to present L’Oréal’s Purpose and unique model, go over the Group’s financial, social and environmental performance, and talk about its ambitions for the future.
Other financial information
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L’Oréal today announces that it has successfully priced a public bond offering for an aggregate nominal amount of €2.0 billion under a €5.0 billion EMTN program.
Annual General Meeting
Annual General Meeting and Board of Directors’ Meeting of 21 April 2023
Renewal of the term of office as Directors of Ms Sophie Bellon and Ms Fabienne Dulac
Dividend of €6.00 per share, increased by +25%
Annual General Meeting
Sustainable Development
High-impact projects tackle biodiversity loss through reforestation and the restoration of ecosystems
Sales
First quarter 2023 sales
Very strong start:
+13.0% like-for-like1 , +14.6% reported
Sales: 10.38 billion euros, +13.0% like-for-like1, +14.6% based on reported figures.
Another quarter of market outperformance, further strengthening L’Oréal’s position as the global leader in beauty.
Prizes
L’Oréal was presented with the Gold Award for the best Annual Report at the 27th TOP/COM GRANDS PRIX Corporate Business Awards Ceremony in Paris on 12 April 2023. The TOP/COM awards are given to the year’s leading communication initiatives in around 30 categories, selected by a jury of 46 marketing and communication experts.
Other financial information
L’Oréal announced today that it has signed an agreement with Natura &Co to acquire Aēsop, the Australian luxury beauty brand.
The proposed transaction values Aēsop at an enterprise value of USD 2.525 billion.
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