“The group ensures the continuity not only of its business model, but also of the values it holds.”

"One year ago, I told you that the transition at the head of the group had taken place smoothly, without L’Oréal missing a single heartbeat. 2007 marks an acceleration in the wake of this transition. Growth has accelerated and the group has achieved, for the twenty-third consecutive year, double-digit growth in its results, even though the monetary context has been difficult."

Sir Lindsay Owen-Jones,
Chairman of the Board of Directors,
2007 Annual Report extract

To read the entire message, see the 2007 Annual Report (PDF format)