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HALF-YEAR FINANCIAL REPORT - L OR AL 30 JUNE 2017 - 2 Contents 1 ACTIVITY REPORT ........................................ ........................................ ........................................ ........................................ ...... 4 The Group consolidated ........................................ ........................................ ........................................ ................ 4 Segment information ........................................ ........................................ ........................................ ..................... 5 Important events during the 7 Risk factors and transactions between related parties.

Activity Report HALF-YEAR FINANCIAL REPORT - L’ORÉAL 30 JUNE 2017 - 6 1.2.2. OPERATING PROFIT BY OPERATIONAL DIVISION The announcement, on 27 June 2017, of the signing of the contract for the sale of The Body Shop, means that the IFRS 5 accounting

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