Estee Lauder 2007 Annual Report Download - page 9

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CHairMan’s
mESsAge
Dear Fellow Stockholders:
I am particularly proud of our Company’s performance in Fiscal
Year 2007.
Our results speak for themselves. Our sales were over $7 billion,
breaking all previous records. We achieved respectable growth in
the difficult U.S. market and delivered spectacular results in many
international markets, particularly China and Russia. We are growing
quickly and gaining market share in many countries around the world.
In March of this year, we held a conference for investors and
analysts. They were given an in-depth look at our strategy and had
an opportunity to interact with many of our senior managers. The
participants responded positively to our plans and were impressed
with our people.
Of course, we face many challenges and overall market conditions
are uncertain. What encourages me is the way our management
team is responding. In tough times, we don’t run for cover. We are
investing in overseas markets, which will give us a broader and
better base of business. We are committed to the highest quality and
are upgrading our infrastructure. We are always on the watch for the
best brands and the best talent. Simply, we are investing today for
the success of our business tomorrow.
As William Lauder, our President and Chief Executive Officer, says
in his letter
to you, our goal is to “remain the preeminent leader in
global prestige cosmetics.” We have grand ambitions — all of which
are achievable.
I look forward to writing to you next year to report on our progress
and to thank you for your continued support and trust.
Sincerely,
Leonard A. Lauder
Chairman
08
LEONARD A. LAUDER