The business journal manager magazin has awarded L’Oréal the Best Annual Report for 2003 Prize from among STOXX 50 companies.

This Prize has rewarded the best annual reports of the largest companies listed on the European and German stock exchange for the past ten years. This year, more than 150 annual reports were evaluated in terms of contents, financial communications, reporting efficiency, appearance and language. Philips and Novartis won the second and third prizes for the best STOXX 50 annual reports.

L’ORÉAL’s annual report didn’t only stand out for its successful visual effect but also convinced the jury with its precise and efficient reporting. In 2003 the Group decided for the first time to introduce a complementary sustainable development report.