Integrated Annual Report FY24

Chapter 1: The right blend of ingredients

Our growth model

To reach our ambition to deliver sustainable profitable growth that benefits all our stakeholders, we adopted a growth model that enables us to augment our historical assets but also to explore further and push traditional frontiers.

Our growth model unites our existing competitive advantages with new technologies. It aims at creating more value from our core activity, and at the same time expanding into new products, categories, experiences, services and distribution models.

This diagram shows the growth model of the group.   Moments of conviviality, Sustainable & People and culture.  The six levers of growth are powered by technology and data:   Expand beyond  Experiences and services Route‑to‑consumer New products and categories  More from the core  Prestige acceleration Portfolio/RTM and A&P effectiveness Pricing power