LOREAL_Registration_Document_2017

1 Presentation of the Group Integrated report

GOOD GROWTH MOMENTUM FOR SHARED, LASTING DEVELOPMENT*

NORTH AMERICA

WESTERN EUROPE

28.3% share of Group sales: +1.7% sales growth in 201 7 (1)

31.2% share of Group sales: + 2.6% sales growth in 2017 (1)

SALES 19.2 % OPERATING PROFIT (2) (as a % of sales) € 7,350.5 M

22.9 % SALES OPERATING PROFIT (2) (as a % of sales) € 8,125.3 M

LATIN AMERICA

AFRICA, MIDDLE EAST

EASTERN EUROPE

ASIA-PACIFIC

7.5% share of Group sales: +5.6% sales growth in 2017 (1) SALES € 1,952.9 M

2.7% share of Group sales: -7.1% sales growth in 2017 (1) SALES € 692.4 M

6.7% share of Group sales: +8.6% sales growth in 2017 (1) SALES € 1,750.8 M

23.6% share of Group sales: + 12.3% sales growth in 2017 (1) SALES € 6,151.8 M

NEW MARKETS

20.3 % (2) OPERATING PROFIT (as a % of sales)

SALES € 10,547.8 M

40.5% share of Group sales: +8.9% sales growth in 2017 (1)

(1) Like-for-like sales growth: based on a comparable structure and identical exchange rates. (2) Operating profit before non-allocated items: Non-allocated items consist of the expenses of Functional Divisions and fundamental research, stock option and free grant of shares costs, which are not allocated to the Cosmetics Divisions. This item also includes non-core activities, such as insurance, reinsurance and banking.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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