2025 Annual Results

Solid growth, Improved margins Acceleration Confirmed Sales: 44.05 billion euros, +4.0% like-for-like1 and +1.3% reported.Another year of outperformance in an improving beauty market.Growth1 in all Divisions, led by Professional Products.Growth1 in all regions witha broad-based acceleration in the second half.E-commerce2 growing double digits passing the 30% mark.Gross margin up +10 basis points at 74.3%.Operating margin up +20 basis points at 20.2%.Earnings per share3 12.71 euros, up +0.4%.Dividend per s ...