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    L'Oréal shares were introduced on the Paris Stock Market on 8 October 1963 and are now listed on Euronext (Compartment A).

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    By Jean-Paul Agon, Chairman and Chief Executive Officer of L’Oréal, and Nicolas Hieronimus, Deputy Chief Executive Officer, in charge of Divisions, L'Oréal.
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    Jean-Paul Agon
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    Finance
Logo L'Oréal cercle
CLICHY, 20 SEPTEMBER 2019

L'Oréal concludes a settlement with the French tax authorities

  1. L’Oréal Finance
  2. Regulated information
  3. News release

L'Oréal informs about the conclusion, today, of constructive discussions with the French tax authorities concerning the tax base of its subsidiairies Lancôme Parfums et Beauté, Cosmetique Active International and Prestige & Collections International, for fiscal years 2014 to 2018, without  incurring tax penalties. 

The yearly financial impact amounts approximately to 65 millions euros over this period. For the five years, the impact for each subsidiairy is respectively 47 million euros, 115 million euros and 158 million euros. 

This will be recorded as an exceptional charge for 2019, and will have no significant recurrent impact in the future.

About L'Oréal
L'Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 26.9 billion euros in 2018 and employs 86,000 people worldwide. As the world's leading beauty company, L'Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.
Research and innovation, and a dedicated research team of 3,993 people, are at the core of L'Oréal's strategy, working to meet beauty aspirations all over the world. L'Oréal's sustainability commitment for 2020 "Sharing Beauty With All" sets out ambitious sustainable development objectives across the Group's value chain. For more information: http://mediaroom.loreal.com/en/
 
"This news release does not constitute an offer to sell, or a solicitation of an offer to buy L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our Internet site www.loreal-finance.com.
This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements."

CONTACTS AT L'ORÉAL

Individual shareholders and market authorities
Mr Jean Régis CAROF
Tel.: +33 1 47 56 83 02
[email protected] 

Financial analysts and institutional investors 
Mrs Françoise LAUVIN
Tel.: +33 1 47 56 86 82
[email protected] 
 
Journalists
Mrs Stephanie CARSON-PARKER
Tel.: +33 1 47 56 76 71
[email protected]

Mme Polina HUARD
Tel.: +33 1 47 56 87 88
[email protected] 

Switchboard
Tel.: +33 1 47 56 70 00

For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, and the Internet site for shareholders and investors, www.loreal-finance.com, or call +33 1 40 14 80 50.
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  • Financial news releases

Explore the Annual Report

The 2020 edition sheds light on the L’Oréal group’s strategy to adapt to market transformations, with goals for the future: to create beauty that makes the world more advanced and to become Beauty Tech champion.

View the Annual Report
Nicolas Hieronimus

Strategy

We take a look back at 2020’s highlights and the future outlook for the Group.

Responsibility

More committed to the environment and society than ever before, L’Oréal is ready to rise to the challenges of the coming decade.
Research and Innovation

Research & Innovation

Innovation and science serving the beauty of tomorrow.
Division Overview

Division Overview

L’Oréal’s brands are organised by Division, which each has a unique vision of beauty.
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