Category: 3. Business

I am happy to share that SAP Cloud ERP has been recognized as a Leader in the Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises for the fourth year in a row.

This recognition is based on our Completeness of Vision and Ability to Execute in the cloud ERP market for service-centric enterprises.

As businesses navigate constant change, they need systems that connect every function, scale intelligently, and provide infrastructure for continuous innovation. I believe this recognition underscores SAP’s commitment to deliver exactly that.

SAP Cloud ERP is the foundation of our broad portfolio of applications, and the centerpiece of the SAP Business Suite. It’s an out-of-the-box enterprise management solution with embedded AI, real-time insights, and the agility to support growth at any stage. Verticalized from day one with industry-specific best practices and capabilities, SAP Cloud ERP helps organizations scale intelligently, stay compliant, and adapt quickly.

When we speak to customers, they appreciate that SAP Cloud ERP is part of a broader portfolio, including our cloud platform SAP Business Technology Platform (SAP BTP), and that it allows customers to quickly take advantage of the latest AI innovations with Joule. In addition, SAP stands out for our extensive, global network of implementation partners.

For us, this recognition is a milestone, but it also pushes us to keep innovating and delivering even greater value to our customers. We hear from customers that we need to be clearer in our value proposition, make adoption easier, and speed up innovation delivery. We take this feedback seriously:

• Cross-functional complexity: We are accelerating the SAP Business Suite strategy to deliver tighter native integration, a unified user experience, and simplified end-to-end processes across finance, supply chain, procurement, HCM, and CX.
• Live customers in complex organizations: Building on global deployments like Bain & Company, we are expanding programs, references, and accelerators to further invest in our industry and geographic scale.
• Pricing clarity: To make planning and TCO more predictable, we have launched persona-based bundles that simplify pricing and clarify the path to adopting AI and extensibility at scale.

Pursuing innovation

Today, the need for clarity and alignment across every business function is critical. Businesses run on a unique mix of applications and data sources, often creating heterogenous landscapes that are difficult to connect. To meet their goals, businesses need a solution that goes beyond isolated applications for individual challenges. 

SAP Business Suite offers a path to connecting every business function, including: an end-to-end portfolio that unifies connected applications, powerful AI agents, and contextualized data on SAP Business Technology Platform. Together, they orchestrate cross-functional processes across an interconnected landscape.

And as the foundation of SAP Business Suite, SAP Cloud ERP ensures seamless integration across finance, supply chain, procurement, and more. With SAP Cloud ERP at the core, SAP Business Suite streamlines critical business functions into a unified system. Our scalable, flexible solutions ensure businesses of all sizes benefit from modern, tailored ERP. 

I believe this recognition from Gartner highlights the need for intelligent, modular cloud ERP. With SAP’s integrated approach, organizations can harmonize data, automate at scale, and expand across regions and industries. As we celebrate this recognition, we remain focused on continuing to lead through innovation and impact. 

Read the full report.

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Eric van Rossum is chief marketing officer of SAP Business Suite and CPO Globalization & Industries at SAP.

Gartner, Magic Quadrant for Cloud ERP for Service-Centric Enterprises, 13 October 2025, Robert Anderson Et Al.
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from SAP.

It was Sue Rizzello’s husband who persuaded her to see a doctor, concerned about the bloating in her abdomen that was making her more and more uncomfortable. Rizzello, then in her late 40s, had assumed it was menopausal weight gain, but agreed to go to her GP. “A smart locum said, ‘There’s something wrong here’, and sent me for a blood test … And that saved my life.”

It was the worst news: Rizzello had stage 3 ovarian cancer that had begun to spread. She would need to begin chemotherapy immediately and prepare for the complete removal of her uterus, ovaries, fallopian tubes and omentum, a procedure that would put her into immediate menopause.

It was the summer of 2012 and her husband, a chef, was working at one of the Olympic venues in Windsor, near to their then home in Slough. For Rizzello, however, “that whole summer was a blur” of painful treatment, including a clinical trial that was so tough, she was told, that many others had been unable to see it through.

Six months later, the marketing consultant was told her cancer had gone. “But I was never the same. It was massive. It was an earth-shaking experience that really shook my confidence to the core.”

Rizzello, now 60, was lucky, but she does not believe her cancer was just “one of those things” – she believes it was caused by talc.

She is one of about 3,000 British-based people – overwhelmingly women – who on Thursday brought a landmark legal action in the high court in London against the pharmaceuticals company Johnson & Johnson, claiming they or a family member contracted cancer after a lifetime using J&J’s baby powder.

Backed by a specialist law firm, the claimants argue that the US-based multinational knew for decades that its talc products might contain dangerous asbestos but failed to warn consumers and carried on selling the products in the UK until 2023.

J&J denies the allegations. A spokesperson for Kenvue, J&J’s former consumer health division that was spun off two years ago, said the talc used in baby powder complied with regulations, did not contain asbestos, and does not cause cancer.

Rizzello says she was in the dark about the origin of her disease, after genetic tests showed she did not carry the BRCA genes that significantly increase the risk of ovarian cancer. “And then I found out about the talc claims, and I thought, hang on.”

“I’ve used talc all my life. I mean, when I was a child, everybody did,” she says, whether after swimming or after a bath. “It was just always there. It was just always something you use.

“I’m totally convinced this was the cause of my own illness, and all the nightmare of treatment and trials that followed.”

J&J has been the subject of long-running lawsuits in the US over similar allegations of cancer links to talc, which it wholly disputes. Two years ago it spun off its consumer health division as Kenvue, which has responsibility for talc-related claims outside the US and Canada.

Kenvue said: “We sympathise deeply with people living with cancer. We understand that they and their families want answers – that’s why the facts are so important.

“The high-quality cosmetic-grade talc that was used in Johnson’s Baby Powder was compliant with any required regulatory standards, did not contain asbestos, and does not cause cancer.”

Two years ago, to mark the 10-year anniversary of being given the all clear, Rizzello asked friends to sponsor her to shave her hair again to raise money for cancer charities, in memory of others with the disease who did not survive. “I felt I really had to do something,” she says. “Many of the women I’ve met along the way had died, and so I always feel like it’s for them as much as it is for me.

“I value some things much more highly than I did before. I think I’ve always dreaded the idea of getting older. I don’t mind getting older now, and I’m so grateful to have a chance to get older.”

“At Philips, our purpose is clear. We develop innovations that create better care for more people around the world,” said Roy Jakobs, CEO of Royal Philips. “Healthcare systems everywhere face growing pressure, from rising demand to workforce shortages. Our role is to help clinicians, providers, and partners deliver high-quality, more sustainable care through technology that truly makes a difference. Our new global headquarters reflects who we are and how we work: open, collaborative, and focused on impact and patient safety. It’s designed to bring people together, inspire innovation, and strengthen our global relations. From here, we continue our mission to improve lives and help shape the future of healthcare worldwide.”

Italian news publishers are calling for an investigation into Google’s AI Overviews, arguing that the search engine’s AI-generated summaries feature is a “traffic killer” that threatens their survival.

FIEG, the Italian federation of newspaper publishers, said it has submitted a formal complaint to Agcom, Italy’s communications watchdog.

Similar complaints have been filed in other EU countries. Coordinated by the European Newspaper Publishers’ Association, the aim is to push the European Commission to open an investigation against Google under the EU Digital Services Act.

The threat posed by AI Overviews, which gives users information without them having to click through to the original source by summarising searches with a block of text at the top of the results page, is among the main concerns of European news outlets.

FIEG said it was also worried about the more recent AI Mode, which takes information from multiple sources and presents them as a chatbot.

The federation argues that the Google services “violate fundamental provisions of the digital services act, with detrimental effects on Italian users, consumers and businesses”.

“Google is becoming a traffic killer,” FIEG said in a statement, adding that the products not only directly compete with content produced by publishing firms, but also “reduces their visibility and discoverability, and thus their advertising revenues”.

“This has serious consequences for the economic sustainability and diversity of the media, with all the risks associated with a lack of transparency and the proliferation of disinformation in democratic debate,” the statement said.

A study published in July by the UK-based Authoritas analytics company claimed AI Overviews, launched by Google last year, caused up to 80% fewer clickthroughs. The research, which was submitted as part of a legal complaint to the UK’s competition watchdog about the impact of Google AI Overviews, also found that links to YouTube – owned by Google’s parent company Alphabet – were more prominent compared with the normal search result system.

A second study by the Pew Research Center, a US thinktank, also showed a big hit to referral traffic from Google AI Overviews, with users only clicking a link under an AI summary once every 100 times.

Google claimed the studies were inaccurate and based on flawed methodology.

Google AI Overviews arrived in Italy in March. In September, the country became the first in the EU to approve a comprehensive law regulating the use of artificial intelligence, including limiting child access and imposing prison terms on those who use the technology to cause harm, such as generating deepfakes.

Giorgia Meloni’s government described the legislation, which aligns with the EU’s landmark AI Act, as a decisive move in influencing how AI is used across Italy.

Nine months after Donald Trump took office, promising to reduce prices on “day one”, a clear majority of Americans say their monthly costs have risen by between $100 and $749, according to an exclusive new poll conducted for the Guardian.

The president has continued to insist that there is “virtually no inflation”. “Prices are ‘WAY DOWN’ in the USA,” Trump wrote on social media in late August.

Yet according to a new Harris poll, Americans are still reporting soaring inflation and are increasingly pessimistic about the economy.

When asked to estimate how much their regular monthly household costs have increased from last year, 74% of those surveyed said they had seen increases of at least $100, according to the poll.

A bar chart showing that three-fourth of respondents said their monthly household costs are going up by more than $100

The increases were reported across the political spectrum, with both Democrats and Republicans, along with independents, reporting price hikes.

Trump’s re-election victory came as voters soured on Joe Biden’s economic policies and the legacy of Covid-era inflation. “Starting on day one, we will end inflation and make America affordable again,” Trump said in a rally in August 2024.

The inflation rate has declined from an annual rate of 3% in January, when Trump took office, to 2.9% annually in August (the last figures published). It has fallen substantially from its peak of over 9% in 2022 but remains uncomfortably ahead of the Federal Reserve’s target of 2%.

The poll’s findings echo those of the Yale Budget Lab, whose economists have calculated that households will see an average increase of $2,300 in costs a year due to Trump’s tariffs – an average of $191 per month. That research calculates overall price level increases and the effect the increases will have on average household income figures.

A graph showing the inflation rate from 2016 to 2025.

Many believe the 2024 presidential election was a referendum on Biden’s economy. Inflation soared in the years after the pandemic while wages struggled to keep up, leaving many Americans feeling like their paychecks were losing power. While the Democratic presidential candidate, Kamala Harris, fought to present a new economic vision focused on costs, for many voters it was too late.

But with just over a year until the midterm elections, Trump’s economy isn’t looking much brighter. A slight majority (54%) of Americans said they believed the economy was in a recession, five percentage points more than Harris’s Guardian poll last September. The majority of Americans (53%) also think the economy is getting worse, compared with 48% who said the same last year.

Inflation was rated as the biggest risk to the US economy when those polled were asked to pick one issue from a list of threats, including immigration, US democracy and tariffs. Inflation was the top risk for Republicans (31%) and independents (33%), and it was the second biggest risk for Democrats (29%), behind tariffs.

A bar chart showing what respondents perceived as biggest risk to the US economy

But the parties diverge over where they see the cracks. Immigration was the second biggest risk for Republicans, with 20% saying it was the biggest risk to the economy, compared with just 8% of Democrats and independents. Meanwhile, tariffs were a big risk for many Democrats (31%) and independents (24%).

When asked about the driving force behind price increases, Republicans were far more likely (45%) to say they were standard yearly changes due to inflation, compared with 22% of Democrats and 27% of independents. Meanwhile, 55% of Democrats and 55% of independents said they thought price increases were driven by current economic policies set out by the government. About the same percentage of people across the political spectrum, slightly over 20%, said the changes were caused by businesses overcharging customers to boost profits.

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While Republicans seem far less likely to blame tariffs, and thus the Trump administration, on the price increases than Democrats, independents seemed just as willing as Democrats to point to tariffs as an issue.

This is a considerable flip from last year. Last September, when Biden was still president, independents were more aligned with Republicans on pessimism around the economy. The pessimism probably lent itself to votes for Trump: though independents were split between Trump and Biden in 2024, the group had favored Biden by 9% in the 2020 election, according to the Pew Research Center.

But while dissatisfaction over the economy was a boon for Republicans last election, it may not translate to an easy pathway to the midterms for Democrats.

The poll showed that the pessimism about the economy among independents, though shared with Democrats, doesn’t necessarily translate to support for the party.

• Among all those polled, optimism for the Democratic party (25%) has dropped since last September (37%), while pessimism (39%) has increased.

• Pessimism is slightly higher for Republicans (41%) compared with last year, while optimism for the Republican party has stayed the same since last year, just over 30%.

• Boosts to Republican optimism come from within the party: among Republicans, 60% said they were optimistic for their party, compared with 42% of Democrats who said the same about their own party.

• Pessimism among independents is higher for the Republican party this year (43%) compared with last year (33%), though it’s now about the same as those also pessimistic about the Democratic party (41%).

But despite the decline in support for Democrats, economic policies coming from Democrats’ policies, including a federal ban on price gouging for food and grocery prices, expanding the child tax credit, and increasing tax rates on long-term capital gains for millionaires, are still popular among voters, and are far more popular than policies that Trump ran on and has implemented. The support for Democratic policies mirrors results that were seen last September.

The ban on price gouging, which was proposed by Harris’s campaign, was still the most popular policy, with 45% of Americans saying it would strengthen the economy. Trump’s top policy, with 43% support, was eliminating taxes on social security – something his administration has yet to act on.

Despite being the core of Trump’s economic agenda, mass deportation of migrants (24%), tax cuts (22%) and tariffs on foreign goods (22%) were some of the least popular policies.

This survey was conducted online within the US by the Harris Poll from 11 to 13 September 2025, among a nationally representative sample of 2,093 US adults.

EAST HARTFORD, Conn., Oct. 16, 2025 /PRNewswire/ — Pratt & Whitney, an RTX (NYSE: RTX) business, announced that type certification for the GTF Advantage engine has been validated by the European Union Aviation Safety Agency (EASA), paving the way for entry into service in 2026. The engine was certified by the U.S. Federal Aviation Administration earlier this year.

“EASA certification marks another critical milestone for the GTF Advantage program, demonstrating our ongoing commitment to deliver value for our customers,” said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. “With enhanced payload and range capability, and a more durable configuration that delivers up to double the time on wing, the GTF Advantage will be a game-changer for operators.”

The GTF Advantage will deliver 4% more takeoff thrust at sea level airports and 8% more at high altitude airports, along with better fuel efficiency. GTF Advantage is fully intermixable and interchangeable with today’s GTF engine model and will ultimately become the production standard.

The GTF Advantage features the most state-of-the-art hot section in the single-aisle market. Pratt & Whitney recently announced Hot Section Plus (HS+), an upgrade option for today’s GTF engine derived from GTF Advantage technology. HS+ will provide 90 to 95% of the GTF Advantage’s durability benefits.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
RTX is the world’s largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than $80 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

Tata Consultancy Services (TCS) commissioned Oxford Economics to calculate their economic footprint in the UK in 2023/24.

We estimate that TCS supported a £3.3 billion contribution to UK gross domestic product (GDP) in FY2024. This is the sum of three channels of impact. Some £1.7 billion was contributed directly by TCS. A further £350 million was contributed by the company’s procurement spending, and the subsequent economic activity that this triggered through TCS’s supply chain—its indirect impact. Finally, the payment of wages by TCS and the firms in its supply chain supported a further £1.2 billion contribution to UK GDP—its induced impact.

The company was also estimated to have supported almost 42,700 jobs across the UK economy in FY2024. TCS directly employed approximately 22,200 people. A further 5,000 jobs were supported along the UK supply chain by its procurement spend, whilst some 15,500 jobs were sustained through wage-induced spending.

Explore the complete findings in our report at the link opposite.

• EBRD unfunded portfolio guarantee of up to €25 million to Raiffeisen Bank in support of local SMEs
• €3 million to be on-lent to households for green investments
• Investments supported by the European Union in the form of technical cooperation, guarantees and incentive grants

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU), in partnership with Raiffeisen Bank Bosnia and Herzegovina, are boosting access to finance for small and medium-sized enterprises (SMEs) and households across the country.

The EBRD is providing Raiffeisen with a €25 million unfunded risk-sharing guarantee, enabling €50 million in new lending to SMEs under the EBRD’s portfolio risk sharing (PRS) product. The guarantee will cover up to 50 per cent of the credit risk on new SME loans issued by Raiffeisen Bank. Backed by technical assistance and first-loss counter-guarantee from the EU’s European Fund for Sustainable Development Plus (EFSD+) Growth for All programme, the initiative targets underserved businesses – including those led by women and young people – and SMEs operating in tourism, agriculture and rural areas. This transaction is the first PRS facility supported by the EFSD+ in the Western Balkans, ahead of a regional roll-out.

By sharing part of the risk with Raiffeisen Bank, the EBRD and EU are helping the bank strengthen its resilience and expand lending to more SMEs using the bank’s own funds. The PRS broadens the spectrum of EBRD products in the market, with an innovative solution designed to reduce risk for the EBRD’s partner financial institutions and to address financing gaps for MSMEs.

In addition, a €3 million EBRD loan will be on-lent to households for energy-saving upgrades in homes. Eligible borrowers can receive up to 20 per cent cashback from the EU on successful completion of their project. Technical assistance, funded by Japan and the EU, will support effective implementation.

This financing is part of the EBRD’s Green Economy Financing Facility (GEFF) for the Western Balkans, which has already helped over 22,000 households improve their energy efficiency. The programme also supports housing associations and construction firms developing high-performance residential buildings.

Stela Melnic, EBRD Head of Bosnia and Herzegovina, said: “This partnership with Raiffeisen Bank, supported by the European Union, marks a significant milestone in our efforts to expand access to finance for underserved businesses in Bosnia and Herzegovina. By sharing risk and combining innovative financial instruments with targeted technical assistance, we are enabling more SMEs and households to invest in their future, whether through business growth or energy-efficient home upgrades. This is the kind of inclusive and green financing the EBRD is proud to champion across the Western Balkans.”

Luigi Soreca, Head of the Delegation of the European Union to Bosnia and Herzegovina, and European Union Special Representative, said: “The signing of these two agreements is yet another example of the European Union’s commitment to providing new opportunities for SMEs across Bosnia and Herzegovina and improving the lives of its citizens. By improving access to finance, especially for businesses outside big cities, and supporting households in making their homes more energy-efficient, we are helping businesses grow and compete, and citizens live better. These initiatives also play an important role in the EU Growth Plan for the Western Balkans by driving green and digital transformation and strengthening the resilience of the private sector. Together, we are laying the foundation for a more sustainable and prosperous future for all citizens of Bosnia and Herzegovina.”.

Rainer Schnabl, CEO of Raiffeisen Bank Bosnia and Herzegovina, said: “We are proud to be the first bank in Bosnia and Herzegovina to join the EBRD’s portfolio risk sharing programme. This cooperation enables us to expand lending to small and medium-sized enterprises, especially those led by young people and women, and to reach regions beyond the main urban centres. At the same time, through the Green Economy Financing Facility, we are supporting households that invest in energy-efficient solutions, helping to lower costs and contribute to a more sustainable future. As Raiffeisen Bank marks 25 years of being a good neighbour in Bosnia and Herzegovina, this initiative reflects our longstanding commitment to fostering entrepreneurship, competitiveness and the green transition of country’s economy.”

The EBRD has invested more than €3.4 billion in 252 projects in Bosnia and Herzegovina since it began operating there in 1996. The Bank’s strategic priorities in the country are to promote the green economy, support the competitive development of the private sector and foster regional integration.

OEVEL, Belgium–(BUSINESS WIRE)–
The Estée Lauder Companies Inc. (NYSE:EL), today celebrated the sixtieth anniversary of its Manufacturing & Fulfillment Campus in Oevel, Belgium. Since its opening in 1965, the Oevel Campus has developed into a state-of-the-art manufacturing, fulfillment and biotech hub. Today the campus serves as a cornerstone of the company’s global value chain and is one of its largest manufacturing facilities by volume, annually producing over 100 million prestige beauty products, which are then shipped to more than 100 countries.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251016330616/en/

“Nearly sixty years ago, my grandparents, Estée and Joseph Lauder, laid the cornerstone of our first facility here in Oevel, establishing what would become a vital part of our global operations,” said William P. Lauder, Chair, Board of Directors, The Estée Lauder Companies. “From those early days, our Oevel Campus has evolved into a vibrant community and one of our most advanced centers for manufacturing and innovation. It reflects and embodies the visionary spirit of my grandmother, Mrs. Estée Lauder, as well as who we are as a company. This anniversary is both a celebration of our people and a tribute to the enduring partnerships that have shaped The Estée Lauder Companies’ legacy in Europe.”

The celebration brought together hundreds of the Oevel Campus employees, Belgian government officials, media, and leadership from across The Estée Lauder Companies for a day of reflection and recognition. Guests explored a heritage exhibit, toured the manufacturing plant, and unveiled a commemorative sixtieth-anniversary mural.

“The evolution of our Oevel Campus is a powerful reflection of how The Estée Lauder Companies honors its heritage while moving boldly into the future,” said Stéphane de La Faverie, President and Chief Executive Officer. “As one of our most advanced and sustainable manufacturing sites, our campus here exemplifies how we are reimagining beauty through innovation, quality, and responsibility – driven every day by the passion and expertise of our people.”

“The Estée Lauder Companies’ site in Belgium has become a global benchmark in innovation, sustainability and beauty,” said Matthias van Diepenaele, President of Flanders. “Flanders is proud of this long-term partnership, which creates economic added value, but also demonstrates confidence in our people, our expertise and our future. Many congratulations to the company, its employees and the Lauder family.”

The Oevel Campus’s transformation over six decades reflects The Estée Lauder Companies’ strategic investments in technology, sustainability, and talent. Today, the campus spans more than 100,000 square meters across multiple buildings, having grown fivefold from its original footprint. The site now includes a cutting-edge BioTech Hub in nearby Olen, where scientists produce bio-based raw materials using fermentation and biotechnology, advancing The Estée Lauder Companies’ commitment to sustainability and innovation. The Oevel Campus has evolved from the original ‘Lauder Blue Plant’ – inspired by the packaging used at the time – into a future-ready campus that supports more than twenty brands. The facility enables rapid new product launches and personalized manufacturing, with advanced technologies and AI integrated throughout.

As part of The Estée Lauder Companies’ value chain regionalization strategy, approximately 70% of products sold in Europe are produced within the region, reducing long-haul transport needs and supporting local economies. The Oevel Campus’s growth and transformation exemplify ELC’s focus on operational excellence, transformative innovation, and its enduring commitment to Belgium and Europe.

Cautionary Note Regarding Forward-Looking Statements

Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company’s expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement the Company’s strategy, including Beauty Reimagined and the profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent filings with the Securities and Exchange Commission. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.

About The Estée Lauder Companies

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

ELC-C

View source version on businesswire.com: https://www.businesswire.com/news/home/20251016330616/en/

Media Relations:

Maud Smith

[email protected]

Investor Relations:

Rainey Mancini

[email protected]

Source: The Estée Lauder Companies Inc.