What I am going to talk about: The history of the company; Sales; Research and Development; Structure; Owners and shareholders;
The history of the company: In 1907, a young French chemist Eugéne Schueller developed an
innovative colour formula; In 1909, he registred his own company; In 1920, the small company employed 3 chemists; In 1912, Eugéne Schueller started to export his products; In 1933, he created and launched Votre Beauté, a magazine devoted
to women; In 1953, L‘Oréal won an advertising Oscar;
Basic information about the company: The company has 50,500 employees; The Group is present in 130 countries and has 290 subsidiaries; There are 42 factories all over the world producing L‘Oréal products;
For more information contact
L‘Oréal International Information Department 41, rue Martre, 92 117 Clichy, France
Tel. : +33 1 47 56 82 65 Fax. : +33 1 47 56 82 42 Internet: www.loreal.com
Annual General Meeting
Board of Directors
Supervisory Board
Executive Vice-PresidentCorporate Communications
and External Affairs
Executive Vice-PresidentHuman Resources
Executive Vice-President Production and Technology
Executive Vice-PresidentResearch and Development
President Professional Products
President Luxury Products
Vice-President Administration and Finances
Executive Vice-PresidentStrategic Business Development
President Consumer Products
Research:
L'Oréal Research missions are :
- To gain an in-depth understanding of healthy skin and hair at the cellular level
- To pinpoint the biological processes behind the skin aging process, sun damage, pigmentation changes as well as natural hair color, graying and loss
- To synthesize active molecules which protect, repair or color: over 110 original molecules have been produced by L'Oréal Research
- To design and develop new products in all cosmetic fields, including skin care, haircare and make-up: over 3,000 new formulas come out of our laboratories each year
- To evaluate products‘ efficacy and safety using in vitro tests like human skin models, as well as sophisticated imaging techniques and sensory analysis.
Professional products:
Consolidated sales by geographic zone€ millions
€ millions 2002 2003 % of 2003
salesLike-for-like growth
2003/02
Western Europe 933.9 969.5 51.0% 5.3%
North America 625.1 601.9 31.7% 10.7%
Rest of the World
339.3 328.6 17.3% 15.3%
Total 1,898.3 1,899.9 100.0% 8.6%
Consumer products:
Consolidated sales by business segment€ millions
2002 2003% of 2003
salesLike-for-like growth
2003/2002
Haircare 4,048.4 3,957.3 52.7% 6.2%
Make-up 2,100.0 1,982.8 26.4% 5.9%
Skincare 1,019.8 1,178.9 15.7% 23.7%
Perfumes 150.6 128.4 1.7% -11.9%
Other 282.2 259.0 3.5% -6.4%
Total 7,600.9 7,600.9 100.0% 7.7%
Luxury products:
Consolidated sales by business segment€ millions
2002 2003 % of 2003 sales Like-for-like growth
2003/2002
Skincare 1,288.0 1,233.3 35.8% 6.0%
Perfumes 1,458.6 1,358.2 39.5% 2.2%
Make-up 895.1 849.1 24.7% 4.9%
Total 3,641.7 3,440.6 100.0% 4.2%
Active cosmetics:
Consolidated sales by business segment€ millions
2002 2003 % of 2003 salesLike-for-like growth
2003/2002
Skincare 510.2 565.4 75.5% 15.4%
Haircare 63.3 65.9 8.8% 7.2%
Make-up 65.2 61.5 8.2% -1.3%
Other 56.1 56.3 7.5% -1.2%
Total 694.8 749.0 100.0% 11.9%