L'Oreal Co Eur Ord (LRLCF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.071 -- 00:00:05.295 Welcome to the L'Oreal 2026 Half Year Financial Webcast. 00:00:05.295 -- 00:00:10.238 The conference is about to begin. I now hand over to Eva Quiroga. 00:00:10.238 -- 00:00:13.260 Miss Quiroga, please go ahead. 00:00:13.260 -- 00:00:16.503 Thank you very much, Eugenia, and good morning to all. 00:00:16.503 -- 00:00:22.167 And thank you for joining us for the presentation of our first half 2025 results. 00:00:22.167 -- 00:00:25.529 I'm here with our CEO, Nicolas Hieronimus. 00:00:25.529 -- 00:00:27.010 Hello. 00:00:27.010 -- 00:00:32.992 Our CFO, Christophe Babule. Hello. and our Head of Corporate Finance and Financial Communications, 00:00:32.992 -- 00:00:33.933 Laurent Schmitz. 00:00:33.933 -- 00:00:35.473 Hello, good morning. 00:00:35.473 -- 00:00:39.035 As always, Christophe will comment the first half results. 00:00:39.035 -- 00:00:43.056 Nicolas will then share his key highlights from the first six months and tell you why 00:00:43.056 -- 00:00:47.618 we remain confident in the outlook for the rest of this year and beyond. 00:00:47.618 -- 00:00:52.360 After that, we'll open for Q&A. You can find the slides of both presentations on our 00:00:52.360 -- 00:00:57.702 website already. You will be able to access the replay of this call later today 00:00:57.702 -- 00:01:01.303 and a half-year report will be available at the beginning of next week. 00:01:01.303 -- 00:01:03.643 So that's over to you, Christophe. 00:01:03.643 -- 00:01:06.904 Thank you, Eva. Ladies and gentlemen, good morning. 00:01:06.904 -- 00:01:09.244 L'Oréal delivered an excellent first half. 00:01:09.244 -- 00:01:15.385 My four key highlights are the very robust adjusted like-for-like growth of 6.5%, 00:01:15.385 -- 00:01:18.466 the strong growth margin of 74.8% 00...