L'Oreal Co Eur Ord (LRLCF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.998 Welcome to the conference call regarding L'Oréal 2025 half-year 00:00:04.998 -- 00:00:07.581 results. The conference is about to begin. 00:00:07.581 -- 00:00:14.527 I now hand over to Eva Quiroga. Mrs. Quiroga, please go ahead. 00:00:15.692 -- 00:00:19.877 Good morning to all and thank you for joining us for the presentation of our first half 00:00:19.877 -- 00:00:22.621 2025 results. 00:00:22.621 -- 00:00:25.745 I'm here with our CEO, Nicolas Hieronymus. 00:00:25.745 -- 00:00:30.136 Good morning. Our CFO, Christophe Pavul. Hello, good morning. 00:00:30.136 -- 00:00:34.101 and the Global Head of Corporate Finance and Financial Communications, Laurent Schmidt. 00:00:34.101 -- 00:00:35.442 Good morning. 00:00:35.442 -- 00:00:39.186 As always, Christophe will comment the first half results. 00:00:39.186 -- 00:00:44.192 Nicolas will then share his takeaways from the first six months and tell you why we 00:00:44.192 -- 00:00:47.856 remain confident in the outlook for the rest of this year and beyond. 00:00:47.856 -- 00:00:52.962 After that, we will open for Q&A. You can find the slides of both presentations 00:00:52.962 -- 00:00:58.604 on our website already. You will be able to access the replay of this call later today 00:00:58.604 -- 00:01:02.349 And the half-year report will be available at the beginning of next week. 00:01:02.349 -- 00:01:05.012 And with that, over to you, Christophe. 00:01:05.012 -- 00:01:08.497 Thank you, Eva. Ladies and gentlemen, good morning. 00:01:08.497 -- 00:01:11.761 L'Oréal delivered a solid performance in the first half. 00:01:11.761 -- 00:01:17.087 My four key highlights are the robust like-for-like growth of 3% in the dynamic market, 00:01:17.087 -- 00:01:21.133 the sequential acceleration in like-for-...