L'Oreal : Annual General Meeting and Board Of Directors' Meeting of 18 April 2019
April 18, 2019 at 03:12 pm EDT
Share
Appointment as Director of Ms Fabienne Dulac
Renewal of the tenure as Director of Ms Sophie Bellon
Approval of a dividend of €3.85 per share up by +8.5%
Resignation of Mr Axel Dumas from his mandate as Director
The Annual General Meetingof L'Oréal shareholders was held in Paris, onThursday 18 April 2019, under the chairmanship of Mr Jean-Paul Agon, Chairman and Chief Executive Officer.
The Annual General Meeting adopted all the proposed resolutions, and in particular:
approved the parent company financial statements and the consolidated financial statements for 2018;
decided on the distribution of a dividend of €3.85 per share. This dividend is increased to €4.23 for shares that have been continuously registered for at least twoyears. Dividend payment date: Tuesday 30 April 2019;
appointed one new Director, Ms Fabienne Dulac for a four-year term;
renewed the tenure as Director of Ms Sophie Bellon, for a four-year term.
The Board of Directors has taken note of the resignation of Mr Axel Dumas as Director, due to the recent announcement by Hermès of the launch of a cosmetics line that may represent a possible conflict of interest. Mr Jean-Paul Agon and the Board warmly thank Mr Axel Dumas for his contribution to the work of the Board and the Audit Committee.
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The results of the votes are available on the www.loreal-finance.com website. A summary of the Annual General Meeting will be provided in the next L'Oréal 'Letter to Shareholders', available on request and on the www.loreal-finance.com website.
'This news release does not constitute an offer to sell, or a solicitation of an offer to buy L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our Internet site www.loreal-finance.com.
This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements.'
Contacts at L'Oréal
Individual shareholders and market authorities
Mr Jean Régis CAROF
Tel.: +33 1 47 56 83 02
jean-regis.carof@loreal.com
Financial analysts and Institutional investors
Ms Françoise LAUVIN
Tel.: +33 1 47 56 86 82
francoise.lauvin@loreal.com Journalists
Ms Stephanie CARSON-PARKER
Tel.: +33 1 47 56 76 71
stephanie.carsonparker@loreal.com
Switchboard
Tel.: +33 1 47 56 70 00
For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, and the Internet site for shareholders and investors, www.loreal-finance.com, or the L'Oréal Finance app, alternatively, call +33 1 40 14 80 50.
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L'Oréal SA published this content on 18 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2019 16:32:03 UTC
L'Oréal is the world leading cosmetic group. The group offers skincare products (39.9% of sales), makeup products (19.7%), haircare products (15.4%), fragrances (12.6%), hair colouring products (8.3%) and other (4,1%). Net sales break down by family of products as follows:
- consumer cosmetics (36.9%): L'Oréal Paris, Garnier, Maybelline New York, NYX Professional Makeup, Essie Niely, Dark and Lovely, Mixa, MG and Carol's Daughter brands;
- luxury cosmetics (36.2%): Lancôme, Kiehl's, Giorgio Armani Beauty, Yves Saint Laurent Beauté, Biotherm, Helena Rubinstein, Shu Uemura, IT Cosmetics, Urban Decay, Ralph Lauren, Mugler, Viktor&Rolf, Valentino, Azzaro, Prada, Takami, A?sop, etc.;
- active cosmetics (15,6%): La Roche-Posay, Vichy, CeraVe, SkinCeuticals, Skinbetter Science, etc.;
- professional products (11,3%): L'Oréal Professionnel, Kérastase, Redken, Matrix and PureOlogy brands.
Products are marketed through mass distribution and distance selling, selective distribution, hair salons and pharmacies.
At the end of 2023, L'Oréal has 37 production sites worldwide.
Net sales are distributed geographically as follows: Europe (31.6%), North America (27%), North Asia (25.9%), Asia/Pacific/Middle East/Africa (8.4%) and Latin America (7.1%).
L'ORÉAL 
