“Building trust and supporting the long-term growth of L’Oréal”
Christian Mulliez - Executive Vice-President Chief Financial Officer
2017 was another year of growth in sales, results and profitability.
The Administration and Finance teams work towards fostering a solid relationship of trust with all stakeholders, centred around attentiveness, constant vigilance, fairness, transparency, professionalism and an ethical approach in all our interactions. A focus on service, expertise, monitoring and best practices is at the heart of all that we do.
This year once again, the Administration and Finance teams worked closely with the Group’s different entities. They strongly contributed to the economic and financial management of L’Oréal’s businesses, helping to identify risks and opportunities, implement solutions in response to changes in consumption and buying habits, and optimise real-time allocation of resources.
The Group’s financial health is underpinned by constant operational discipline, closely monitored cash flows and secure financing.
We maintain a close relationship with shareholders, based on dialogue that consistently provides fair and transparent information and a practical perspective on the beauty market and the Group’s activities.
The Administration and Finance teams also work to assist the Board of Directors and its Committees with a view to ensuring the long-term growth of L’Oréal.