L'Oreal Co Eur Ord (LRLCF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.716 It is 9 o'clock. Good morning, everyone. And 00:00:03.716 -- 00:00:06.380 welcome to this 2025 00:00:06.380 -- 00:00:09.784 annual presentation for the results of L'Oréal. 00:00:09.784 -- 00:00:15.051 Christophe Babulle, our CFO, will kick off with the presentation of our 2025 financial 00:00:15.051 -- 00:00:20.198 statements. Then each head of division will summarize the 2025 highlights 00:00:20.198 -- 00:00:25.245 and share with you the outlook for 2026. So you have Omar Hajeri, 00:00:25.245 -- 00:00:27.807 who's president of the professional products division. 00:00:27.807 -- 00:00:32.952 Fabrice Megardin, who is our newly appointed President of the Consumer Products Division, 00:00:32.952 -- 00:00:38.118 Myriam Coel-Wellgreen, in charge of Dermatological Beauty Division, and Cyril Chapuis, 00:00:38.118 -- 00:00:43.543 President of L'Oréal Luxe. Then I will conclude the first part of the meeting by explaining 00:00:43.543 -- 00:00:48.449 why 2025 was a defining year for L'Oréal and why we are uniquely well-placed to seize 00:00:48.449 -- 00:00:53.675 the ascending currents in emerging beauty trends in order to accelerate our top-line 00:00:53.675 -- 00:00:56.540 growth and deliver superior long-term performance. 00:00:56.540 -- 00:01:01.708 We will then move to the Q&A session, which we expect to last around 40 minutes. 00:01:01.708 -- 00:01:06.176 Finally, I draw your attention on the disclaimer that is now on the screen. 00:01:06.176 -- 00:01:10.900 And I guess we are ready to hear you, Christophe. 00:01:19.293 -- 00:01:24.321 Ladies and gentlemen, good morning. Let me share some of the key 2025 highlights with 00:01:24.321 -- 00:01:29.389 you. Like-for-like growth came in at 4%, marking another year of market 00:01:29.389 -- ...