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2008 Executive Summary

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L’ORÉAL FINANCIAL HIGHLIGHTS<br />

CONSOLIDATED SALES<br />

(€ millions)<br />

CONSOLIDATED SALES BY BRANCH (2) IN <strong>2008</strong><br />

06<br />

17,542<br />

17,063<br />

15,790<br />

14,533<br />

13,641<br />

2004<br />

2005<br />

€ millions<br />

2006<br />

2007<br />

<strong>2008</strong><br />

Growth<br />

Like-for-like Published figures<br />

Cosmetics 16,359 +2.7% +2.8%<br />

The Body Shop 756 +4.6% –3.9%<br />

Dermatology (3) 427 +17.1% +16.2%<br />

BREAKDOWN OF SHAREHOLDING STRUCTURE<br />

AT DECEMBER 31 st , <strong>2008</strong><br />

30.8%<br />

Mrs Bettencourt<br />

and her family<br />

29.6%<br />

Nestlé<br />

NET PROFIT EXCLUDING NON-RECURRENT ITEMS<br />

AFTER MINORITY INTERESTS (4)<br />

(€ millions)<br />

1,639<br />

1,486<br />

(1) In accordance with the law, treasury stock carries no voting rights.<br />

(2) The group business is composed of the cosmetics and dermatology branches and The Body Shop.<br />

(3) Group share, i.e. 50%.<br />

(4) Non-recurrent items include capital gains and losses on long-term asset disposals, depreciation of long-term assets and restructuring costs.<br />

(5) For comparison purposes, 2004 pro forma profit and loss accounts are restated in order to reflect the deconsolidation of Sanofi-Synthélabo at January 1 st , 2004:<br />

– by replacing the share in net income of Sanofi-Synthélabo, €293.5 million, by the received dividends, €145.9 million,<br />

– and by neutralizing the net of tax dilution capital gain relating to these shares, €2,854.5 million before any deduction and €471.1 million of taxes.<br />

2004 (5)<br />

2005<br />

1,833<br />

2006<br />

2,039<br />

2007<br />

2,064<br />

<strong>2008</strong><br />

36.4%<br />

Public<br />

3.2%<br />

Treasury<br />

stock (1)

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