Loreal 2013 Annual Report Download - page 92

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How did Administration and
Finance support L’Oréal’s
performances in 2013?
The administration, controlling and
finance teams participate in the
management of L’Oréal’s business
interests, and this led, in 2013,
toanother year of growth in results
and profitability. We also ensured
thegroup’s good financial health by
carefully monitoring cash flow and
continuing to safeguard financing.
Furthermore, the management
control, internal audit and legal
teams worked together to provide all
the entities with standards and best
practices, and to assist subsidiaries
all over the world in conducting their
activities efficiently. Finally, the
strategic prospective team worked
on the monitoring of the market and
major macroeconomic trends, so as
to identify the development
prospects of the cosmetics market.
What are the main drivers
of L’Oréal’s relationship
of trust with its stakeholders?
The relationship of trust that binds
L’Oréal to all its stakeholders is crucial
for the group’s sustainable growth
andgoes hand in hand with
The Administration and Finance teams improve
the efficiency of organisations and systems and contribute
to the group’s long-term development.
CHRISTIAN MULLIEZ
EXECUTIVE VICE-PRESIDENT
ADMINISTRATION AND FINANCE
Information
and dialogue
By sharing information about the
L’Oréal adventure, its strategy and its
prospects at a series of dedicated
events, the financial communication
teams maintain a close relationship of
trust with the financial community:
individual shareholders, investors,
financial analysts and SRI(1) experts.
2013 was a year of renewal for the
group’s financial communication
tools. The www.loreal-finance.com
website, the multimedia magazine, the
mobile applications and the letters to
shareholders have been redesigned to
ensure greater accessibility.
⁄ EXPERTISE
TO DRIVE GROWTH
REVIEW & OUTLOOK
(1) Socially Responsible Investment.
TO DOWNLOAD
THE APPLICATION,
SCAN THE
QR CODE.
90
ADMINISTRATION
AND FINANCE