L'Oreal Co Eur Ord (LRLCF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.166 -- 00:00:05.191 Welcome to the conference call regarding L'Oréal sales at 30th 00:00:05.191 -- 00:00:09.496 September 2025. The conference is about to begin. 00:00:09.496 -- 00:00:15.962 And I'll hand over to Eva Quiroga. Miss Quiroga, please go ahead. 00:00:15.962 -- 00:00:20.707 Yes, thank you very much. Good evening and thank you for joining us for L'Oréal's nine-month 00:00:20.707 -- 00:00:27.154 2025 sales call. With me are, as always, Nicola Hieronymus. 00:00:27.154 -- 00:00:30.288 Hello. Christophe Babule. Hello, good evening. 00:00:30.288 -- 00:00:35.575 and Laurent Schmitt. Hello, good evening. Nicolas will briefly comment on the numbers 00:00:35.575 -- 00:00:38.299 and the acquisition of caring beauty we announced yesterday. 00:00:38.299 -- 00:00:42.685 We will then open up for Q&A and aim to finish at 7.30. 00:00:42.685 -- 00:00:44.587 Over to you, Nicolas. 00:00:44.587 -- 00:00:50.355 So good afternoon, everyone. This is, I'd like to tell you about this nine months. 00:00:50.355 -- 00:00:55.222 First of all, about the market. At slightly over plus 3% in the first nine months, the 00:00:55.222 -- 00:01:00.607 global market remains dynamic. And in that context, our like-for-like growth sequentially 00:01:00.607 -- 00:01:04.953 accelerated, reaching plus 4.9% in the third quarter. 00:01:04.953 -- 00:01:09.159 That is, of course, adjusted for our IT transformation in the U.S. 00:01:09.159 -- 00:01:11.002 last year. 00:01:11.002 -- 00:01:14.947 As promised, the contribution from our beauty stimulus plan accelerated. 00:01:14.947 -- 00:01:19.534 We rolled out our first half innovations and launched new products, including our two 00:01:19.534 -- 00:01:24.000 latest fragrances, Prada's Paradigm and Miu Miu's Mutine. 00:01:24.000 -- 00:01:27.1...