Share buyback program

Core Points - L'Oréal has entered into a mandate for a share buyback program, authorized by the Annual General Meeting on April 23, 2024, with a maximum amount of 500 million euros and up to 2 million shares to be repurchased [1] - The repurchased shares are intended to be cancelled, indicating a strategy to enhance shareholder value [1] - The company generated sales of 43.48 billion euros in 2024, showcasing its strong market position and financial performance [4] Company Overview - L'Oréal is a leading global beauty company with a commitment to fulfilling beauty aspirations worldwide, emphasizing inclusivity, ethics, and sustainability [3] - The company operates with over 90,000 employees and has a diverse geographical presence, selling through various distribution channels including e-commerce and retail [4] - L'Oréal has 21 research centers in 13 countries and a dedicated team focused on innovation in beauty technology [4]