| Company | Head office | % interest |
|---|---|---|
| AMOUAGE SAOC | AMOUAGE SAOC Head office Oman |
AMOUAGE SAOC % interest 25.00% |
| INNEOV DEUTSCHLAND GmbH | INNEOV DEUTSCHLAND GmbH Head office Germany |
INNEOV DEUTSCHLAND GmbH % interest 50.00%(1) |
| INNEOV MEXICO S.A. DE C.V. | INNEOV MEXICO S.A. DE C.V. Head office Mexico |
INNEOV MEXICO S.A. DE C.V. % interest 50.00%(1) |
| INNEOV TAIWAN CO. LTD | INNEOV TAIWAN CO. LTD Head office Taiwan |
INNEOV TAIWAN CO. LTD % interest 50.00%(1) |
| LIPP DISTRIBUTION | LIPP DISTRIBUTION Head office Tunisia |
LIPP DISTRIBUTION % interest 49.00% |
| LOSHIAN CO., LTD | LOSHIAN CO., LTD Head office Korea |
LOSHIAN CO., LTD % interest 40.00% |
| NUTRICOS TECHNOLOGIES | NUTRICOS TECHNOLOGIES Head office France |
NUTRICOS TECHNOLOGIES % interest 50.00%(1) |
| SALON INTERACTIVE, INC. | SALON INTERACTIVE, INC. Head office United States |
SALON INTERACTIVE, INC. % interest 46.00% |
Year ended December 31, 2024
This is a translation into English of the statutory auditors’ report on the consolidated financial statements of the Company issued in French and it is provided solely for the convenience of English-speaking users. This statutory auditors’ report includes information required by European regulations and French law, such as information about the appointment of the statutory auditors or verification of the information concerning the Group presented in the management report. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.
L’Oréal
Year ended December 31, 2024
To the Annual General Meeting of L’Oréal,
In compliance with the engagement entrusted to us by your annual general meeting, we have audited the accompanying consolidated financial statements of L’Oréal for the year ended December 31, 2024.
In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the Group as at December 31, 2024 and of the results of its operations for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union.
The audit opinion expressed above is consistent with our report to the Audit Committee.
We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our responsibilities under those standards are further described in the Statutory Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements section of our report.
We conducted our audit engagement in compliance with the independence requirements of the French Commercial Code (Code de commerce) and the French Code of Ethics for Statutory Auditors (Code de déontologie de la profession de commissaire aux comptes) for the period from January 1, 2024 to the date of our report and specifically we did not provide any prohibited non-audit services referred to in Article 5(1) of Regulation (EU) No. 537/2014.
