(1) Like-for-like. (2) As of July 1, 2013, Turkey and Israel, which were previously included in the Africa, Middle East Zone, were transferred to the Eastern Europe Zone. All figures for earlier periods have been restated to allow for this change. (3) Source: L’Oréal estimates of worldwide cosmetics market based on net manufacturer prices excluding soap, toothpaste, razors and blades. Excluding currency fluctuations. (4) Operating profit before « non-allocated.» see chapter 3, page 109 of the Registration Document 2014.