Strong momentum confirmed<\/p>\n
+6.5% adjusted\u00a0LFL growth, record operating margins<\/p>\n
Sales: 23.77 billion euros,\u00a0+6.8% like-for-like1 and +5.8% reported.Adjusted like-for-like growth2: +6.5%, significantly ahead of the global beauty market.Growth in all Divisions with particularly remarkable performances from PPD and LDB.Growth in all regions with SAPMENA-SSA leading and North Asia pursuing its recovery.E-commerce3 up in double digits, growing nearly twice as fast as the market.Growth in both\u00a0volume and\u00a0value with a strong contribution from mix.Gross margin: up +10 basis points at 74.8%.Operating margin:\u00a0up +20 basis points at 21.3%, whilst increasing brand fuel by +70 basis points.Net profit\u00a0excluding non-recurring items amounted to 3,959.6 million euros, up +4.7%.50-year exclusive worldwide beauty licence with Kering for the Gucci brand, effective on 1 July 2027. Commenting on the figures, Nicolas Hieronimus, CEO of L’Or\u00e9al, said:<\/p>\n
“L\u2019Or\u00e9al delivered a strong first half.<\/p>\n
At +6.5% adjusted like-for-like growth, L\u2019Or\u00e9al maintained its strong momentum and expanded its outperformance of the global beauty market. Growth – broad-based across all categories, divisions, and regions – was fuelled by two main engines: the seamless execution of our innovation strategy and our market-beating growth in e-commerce, the industry\u2019s most dynamic channel.<\/p>\n
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By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service<\/a> and Privacy Policy<\/a>.<\/p>\n Our virtuous P&L was on full display. Boosted by volume growth and strong mix improvement, our gross margin continued to expand. This, coupled with our ongoing focus on cost control, allowed us to increase our brand fuel by 70 basis points and deliver a record first half operating margin of 21.3%.<\/p>\n As we head into the second half, we are confident that demand for beauty remains strong. And we believe that we are uniquely well equipped to continue outperforming the market and despite the current context achieving another year of growth in sales and profit.<\/p>\n L\u2019Or\u00e9al is truly one of a kind.<\/p>\n Our historical brands are growing strongly and our portfolio keeps getting stronger thanks to recent additions, including Kering Beaut\u00e9. Our innovation engine is firing on all cylinders – and AI will help it maintain its pace. Our teams on the ground keep leveraging fast-shifting distribution patterns – conquering online with digital excellence while creating exceptional brand experiences offline.<\/p>\n This makes us better positioned than ever to keep winning in beauty.\u201d<\/p>\n 2026 HALF-YEAR SALES<\/p>\n In the first six months,\u00a0salesamounted to 23.77 billion euros, up +5.8% reported.<\/p>\n Like-for-like, i.e. based on a comparable structure and identical exchange rates, sales grew by\u00a0+6.8%.<\/p>\n Like-for-like adjusted2, sales grew by +6.5%.<\/p>\n The net impact of changes in the scope of consolidation\u00a0was +1.8%.<\/p>\n Growth at constant exchange rates came out at 8.6%.\u00a0<\/p>\n Currency fluctuations had a negative impact of -2.8% at the end of June 2026. If the exchange rates on 30 June 2026, i.e., 1\u20ac=$1.1395, were extrapolated until 31 December, the impact of currency fluctuations on sales would be around -0.6% for the whole of 2026.<\/p>\n \u00a0<\/p>\n Sales by Division and Region<\/p>\n \u00a02nd quarter 20261st half 2026\u00a0\u00a0Growth\u00a0Growth\u00a0\u20acmLike-for-likeAdjusted like-for-like*Reported\u20acmLike-for-likeAdjusted like-for-like*ReportedBy Division \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Professional Products1,458.8+9.8%+10.1%+14.9%2,920.8+12.6%+11.6%+14.7%Consumer Products4,274.4+2.4%+4.6%+3.4%8,642.8+4.1%+4.3%+2.7%L\u2019Or\u00e9al Luxe3,890.3+5.7%+4.7%+9.1%7,996.7+5.4%+5.1%+4.4%Dermatological Beauty2,000.4+11.9%+11.1%+13.0%4,215.8+11.3%+10.6%+9.3%Group total11,623.9+6.0%+6.3%+8.2%23,776.1+6.8%+6.5%+5.8%By Region\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Europe 3,768.5+0.8%+6.7%+4.1%8,133.8+5.7%+6.1%+8.0%North America3,034.8+5.9%+5.9%+6.4%6,067.1+8.6%+6.7%+4.2%North Asia2,827.5+14.5%+4.5%+15.9%5,514.4+4.6%+4.6%+2.3%SAPMENA – SSA41,037.3+7.0%+12.2%+5.9%2,247.3+13.9%+13.8%+9.2%Latin America955.7+3.1%+5.3%+12.7%1,813.5+4.1%+5.2%+9.0%Group total11,623.9+6.0%+6.3%+8.2%23,776.1+6.8%+6.5%+5.8% * Adjusted LFL growth: 1H26 LFL growth (+6.8%) adjusted for the net impact of the phasing ahead of the IT transformation in 1H26 (-0.7%) and 1H25 (+0.4%).<\/p>\n \u00a0<\/p>\n Summary by Division<\/p>\n PROFESSIONAL PRODUCTS<\/p>\n Adjusted like-for-like growth amounted to +11.6%.<\/p>\n Professional Products continued to deliver spectacular growth and significantly outperform the professional market. The Division grew\u00a0in volume and value,\u00a0driven by the ongoing premiumisation of haircare, its successful omnichannel strategy, and its focus on elevating the salon industry through tailored services.<\/p>\n Progress was broad-based by region. In North America, the Division grew in high-single-digits, significantly outpacing the market. In all other regions, growth was in double digits: emerging markets were boosted by exceptional momentum in Brazil and GCC5; in Europe, the DACH and Spain\/ Portugal clusters, were particularly dynamic; North Asia was driven by continued strength in mainland China.<\/p>\n By category, premium haircare was the key driver: market growth remained dynamic and the Division significantly outperformed thanks to its blockbuster franchises and highly successful launches like K\u00e9rastase Gloss Absolu Cr\u00e8me, Redken Acidic Grow Full or L\u2019Or\u00e9al Professionnel Keratin Alpha Sleek. In hair colour, where the market remained more challenging, the Division continued to stimulate traffic in salons with breakthrough innovations like Redken Shades ALK\u00a0and relaunches like L\u2019Or\u00e9al ProfessionnelDiaLight. In hair styling, the integration of Color Wow\u202fis under way.<\/p>\n CONSUMER PRODUCTS<\/p>\n Adjusted like-for-like growth amounted to +4.3%.<\/p>\n The Division delivered solid growth, which accelerated between first and second quarter with a particularly strong performance from the number one beauty brand in the world: L\u2019Or\u00e9al Paris.<\/p>\n By region, North America delivered a solid performance in a dynamic market. Europe maintained its robust momentum with noteworthy performances in the UK-Ireland cluster and Italy. Emerging markets continued to grow with particularly strong results in Brazil, India, and Vietnam. With the acquisition of Innovist, the Division is further strengthening its foothold in the all-important Indian market.<\/p>\n All categories grew, propelled by a solid innovation plan. With double-digit growth, haircare remained the standout performer, powered by L\u2019Or\u00e9al Paris Elvive Collagen Lifter and Garnier Fructis Diamond Sleek. Hair colour remained solid, driven by Garnier Olia. In makeup, growth was driven by innovations such as L\u2019Or\u00e9al Paris Extensionist Mascara and Maybelline New York Serum Lipstick, as well as strong performances from 3CE and NYX Professional Makeup;\u00a0with the launch of its Fat Oil Body Collection, the latter expanded into body care and fragrance. Skincare benefited from new launches like L\u2019Or\u00e9al Paris Revitalift Filler Glass Skin Liquid Cream, the continuedrollout of Garnier Dry Touch Cream and strong double-digit growth from local champions Mixa and Thayers. Dr.G is starting its global expansion, having already been introduced in China and Southeast Asia.<\/p>\n LUXE<\/p>\n Adjusted like-for-like growth amounted to +5.1%.<\/p>\n The Division delivered robust growth, advancing twice as fast as the global selective market – testament to its ambitious innovation strategy and the power of its highly complementary portfolio.<\/p>\n The single biggest growth contributor was North Asia: boosted by double-digit growth in China, the Division outpaced a still challenging market. Momentum was robust in Europe and North America, where L\u2019Or\u00e9al Luxe consolidated its market leadership; emerging markets remained a dynamic growth engine.<\/p>\n Fragrances continued to advance in double digits, cementing L\u2019Or\u00e9al Luxe\u2019s global number one position. This was driven by the spectacular success of Prada Paradigme, which very rapidly established itself as a blockbuster, and the successful deployment of Emporio Armani – alongside the exceptional performances of core franchises like Yves Saint Laurent Libre – which has become the world\u2019s number one women\u2019s fragrance – and MYSLF, as well as Valentino Born in Roma.<\/p>\n In skincare, momentum accelerated – propelled by the strong success of Helena Rubinstein\u2019s Replasty franchise. Recently acquired Medik8 pursued its exceptional growth trajectory. With the promising launch of Lanc\u00f4me Absolue Longevity M.D., L\u2019Or\u00e9al Luxe is capitalising on the longevity trend.<\/p>\n L\u2019Or\u00e9al Luxe marked a historic milestone by entering a fifty-year exclusive worldwide licence agreement for Gucci Beauty, effective 1 July 2027, subject to regulatory approvals.<\/p>\n DERMATOLOGICAL BEAUTY<\/p>\n Adjusted like-for-like growth amounted to +10.6%.<\/p>\n Dermatological Beauty delivered strong, double-digit growth. In a dynamic market, growth accelerated for a third consecutive quarter as the Division pursued its innovation plan.<\/p>\n All regions progressed. Growth was in double-digits in emerging markets led by SAPMENA-SSA – and North Asia where SkinCeuticals continued to cement its leadership in China. Europe and North America grew in high single-digits, accelerating quarter after quarter.<\/p>\n Growth was in double digits in both haircare and skincare; sun care performed strongly, driven by the very successful launch of CeraVe Sun and – more broadly – consumers\u2019 quest for superior anti-UV protection.<\/p>\n La Roche-Posay, CeraVe and SkinCeuticals all grew in double-digits. La Roche-Posay was powered by the continued strength of key pillars like Cicaplast, coupled with successful launches like Hyalu B5 Suractivated and UV Air Fluid. The reacceleration of CeraVe was confirmed, boosted by its core ranges and successful innovations.\u00a0SkinCeuticals continued to advance in double digits, boosted by the strong performance in North Asia and the success of the A.G.E. Interrupter Ultra Serum,\u00a0clinically tested to meet GLP1 patients\u2019 needs.\u00a0Vichy\u2019s growth was driven by the continued success of the\u00a0Dercos haircare ranges across all geographies.<\/p>\n Summary by Region<\/p>\n EUROPE\u00a0<\/p>\n Adjusted like-for-like growth amounted to +6.1%.<\/p>\n L\u2019Or\u00e9al continued to outpace a robust beauty market in the vast majority of countries and all Divisions with a remarkable outperformance online, a key recruitment driver for new consumers.\u00a0<\/p>\n All countries grew with particularly strong performances from the Spain-Portugal clusters as well as Poland.<\/p>\n Consumer Products outperformed the market, driven by haircare and makeup. The Division accelerated its conquest of new consumers with Mixa in body care.<\/p>\n L’Or\u00e9al Luxe grew well ahead of the market, thanks to the continued success of fragrances – whether new launches or key franchises – and a come-back of skincare with the promising launch of Lanc\u00f4me Longevity and the strong dynamism of Medik8.<\/p>\n Professional Products maintained its impressive growth trajectory, driven by strong consumer appetite for premium haircare, with particularly remarkable performances from K\u00e9rastase and Redken.<\/p>\n Dermatological Beauty affirmed its comeback: advancing in mid-to-high-single-digits, it outpaced the market thanks to La Roche-Posay, and the strong performance of CeraVe, driven by its core moisturisers and the successful launch of\u00a0suncare.<\/p>\n NORTH AMERICA<\/p>\n Adjusted like-for-like growth amounted to +6.7%.<\/p>\n L\u2019Or\u00e9al delivered a very strong first half, outpacing the dynamic beauty market across each Division thanks to successful innovations, focus on digital and e-commerce, as well as strong partnerships with key retailers. Growth was broad-based across\u00a0categories, channels, and price tiers.\u00a0<\/p>\n With high-single-digit growth, Professional Products was a key driver of its industry\u2019s expansion. All major brands advanced strongly, led by K\u00e9rastase, Redken, and Matrix. In the professional channel, momentum was driven by breakthrough innovation in hair colour, notably Redken Shades ALK and Blonde iQ, which also contributed to a significant acceleration at SalonCentric.<\/p>\n In Dermatological Beauty, momentum continued to accelerate – led by a standout performance from La Roche-Posay with strong growth across key franchises and the successful expansion at Walmart; CeraVe pursued its upward trajectory, fuelled by continued strength across both skincare and haircare.<\/p>\n Consumer Products continued its dynamic trajectory. L\u2019Or\u00e9al Paris delivered an exceptional performance, growing in double digits: haircare was boosted by Elvive and Ever; makeup benefited from the continued innovation stream of L\u2019Or\u00e9al Paris, Maybelline and NYX Professional Makeup. Among the smaller brands, Thayers advanced very strongly in skincare.<\/p>\n L\u2019Or\u00e9al Luxe continued to outperform the dynamic fragrance category driven by Prada, YSL\u00a0and Valentino. The recently integrated Kering Beaut\u00e9 brands, notably Creed, are off to a good start; Medik8 continued to accelerate.<\/p>\n In the US, the new IT system successfully went live on June 8th.<\/p>\n NORTH ASIA<\/p>\n Adjusted like-for-like growth amounted to +4.6%.<\/p>\n The Group delivered a strong first half with growth accelerating for a second consecutive semester.<\/p>\n By country, the key driver was China, where the market continued to gradually improve, driven by the recovery in the selective segment. L\u2019Or\u00e9al outperformed the market nearly three-fold: the single largest contributor was the Luxe Division thanks to the quality of its brand portfolio, the power of its innovation – notably Helena Rubinstein Replasty – and a successful 6.18 campaign across all platforms; in addition, Chinese brand Yue Sai performed strongly. Dermatological Beauty and Professional Products were highly dynamic with mid-teen growth.<\/p>\n L\u2019Or\u00e9al grew in Japan – which was penalised by a decline in tourism – as well as in Korea. In Travel Retail, which remains impacted by the situation in mainland China, L\u2019Or\u00e9al outpaced the market.<\/p>\n By division, in North Asia, Luxe delivered a solid performance, propelled by the ongoing dynamism in fragrances, the continued momentum of the Couture brands and the very strong performance of Aesop. Consumer Products advanced broadly in line with the market. Dermatological Beauty and Professional Products reinforced their respective positions with all key brands – including SkinCeuticals and K\u00e9rastase – growing in double digits and outpacing the market.<\/p>\n E-commerce, accounting for over 50% of sales in the region, continued to progress strongly.<\/p>\n SAPMENA-SSA4<\/p>\n Adjusted like-for-like growth amounted to +13.8%.<\/p>\n In SAPMENA, growth was strong and broad-based. It was driven by a combination of volume and value. All Divisions and categories contributed.<\/p>\n By country, the performance was outstanding in Vietnam and very strong in the Australia-New Zealand cluster, while growth continued to accelerate in India, driven by haircare and skincare. Consumption in the Gulf Countries has been impacted since the start of the Middle East conflict with the exception of Saudi Arabia which proved resilient.<\/p>\n Dermatological Beauty delivered exceptionally strong growth, fuelled by the continued momentum of La Roche-Posay\u00a0and CeraVe. Professional Products was powered by K\u00e9rastase,\u00a0and L’Or\u00e9al Professionnel. In Consumer Products, results were driven by L’Or\u00e9al Paris\u00a0hair and makeup. Growth in the Luxe Division was driven by makeup and fragrances.<\/p>\n By category, haircare was particularly dynamic across the professional and mass segments, driven by the ongoing success of key pillars like Els\u00e8ve and new launches. Skincare benefited from the continued rise of dermatological brands. Makeup was boosted by a strong innovation pipeline and the expansion of 3CE in South-East Asia. Fragrances grew strongly, powered by the Couture brands.<\/p>\n Across the region, e-commerce remained a key growth driver, notably in India, South-East Asia and GCC5.<\/p>\n Sub-Saharan Africa (SSA) advanced in high single-digits, implying a gradual acceleration – with particularly strong contribution from the Dermatological Beauty, Luxe and Professional Products Divisions. South Africa remained the key growth engine with sales growing in double digits – well ahead of the market.<\/p>\n LATIN AMERICA<\/p>\n Adjusted like-for-like growth amounted to +5.2%.<\/p>\n Market growth in Latin America softened compared to last year but stabilised between the two quarters.\u00a0<\/p>\n By country, progress was led by strong, double-digit growth in Brazil as well as the Andean region.<\/p>\n All Divisions advanced. Professional Products continued to deliver exceptional and broad-based growth\u00a0across the region. Consumer Products remained the largest contributor to growth, propelled by haircare, hair colour, and skincare. In Dermatological Beauty, CeraVe advanced in double digits. Luxe continued to be boosted by the Couture brands.<\/p>\n The most dynamic categories were\u00a0haircare, which advanced in double digits with all relevant Divisions contributing, followed by\u00a0fragrances.<\/p>\n By channel, e-commerce was the main growth driver, enabling L\u2019Or\u00e9al to reach new consumer segments.<\/p>\n IMPORTANT EVENTS SINCE THE LAST PUBLICATION<\/p>\n STRATEGY<\/p>\n L\u2019Or\u00e9al entered a 50-year exclusive licence agreement with Kering for the creation, development, and distribution of fragrances and beauty products under the\u00a0Gucci brand. The licence will come into effect on 1July 2027, subject to regulatory approvals. Until that date, the two companies will work together to ensure a smooth and seamless transition to maintain business continuity and support the continued success of the brand.Creed, Bottega Veneta and Balenciaga have been consolidated in the financial statements since the beginning of April.L\u2019Or\u00e9al signed an agreement to acquire a majority stake in Innovist, a leading personal care player in India. This move will further strengthen L\u2019Or\u00e9al\u2019s expansion in the fast-growing Indian beauty market by adding a portfolio of local brands addressing local consumer needs to its current roster. The transaction is expected to be completed in the next few months after regulatory approvals and other customary conditions.RESEARCH, BEAUTY TECH AND DIGITALL’Or\u00e9al and OpenAI announced a landmark collaboration to focus on AI-powered consumer journeys towards agentic commerce and AI-powered m\u00e9tiers from research and science to marketing.L\u2019Or\u00e9al was named most innovative company in the consumer products sector by Fortune\u2019s European ranking.At 2026 Viva Tech, L\u2019Or\u00e9al showcased its latest Beauty Tech innovations centred around “AI-powered consumer & marketer journeys\u201d, “Beauty at the speed of culture\u201d, “Tech in hair\u201d and “Longevity in skin\u201d.L’Or\u00e9al won a record 12 awards at the 2026 Cannes Lions Festival. CeraVe got 7 Lions for The New Face of Legs featuring Kevin Durant and the Kantar Blueprint Award for Most Effective Creator-Led Content.ENVIRONMENTAL, SOCIAL AND GOVERNANCE PERFORMANCEL’Or\u00e9al renewed its Climate Emergency Fund with an additional \u20ac20 million commitment through 2030, to support the world’s most vulnerable communities in the face of escalating climate-driven disasters.L’Or\u00e9al launched the third edition of its global #JoinTheRefillMovement campaign on World Refill Day – including more brands activations across social media, and ever-closer partnerships with retail partners.L\u2019Or\u00e9al completed its sixth employee share ownership plan, allowing employees to purchase L\u2019Or\u00e9al shares to participate more directly in the Group\u2019s development.At the 28th L\u2019Or\u00e9al-UNESCO for Women in Science International Awards, Fondation L\u2019Or\u00e9al together with UNESCO distinguished five exceptional women scientists, pioneering in their respective fields.OTHERL\u2019Or\u00e9al successfully priced a bond offering for an aggregate nominal amount of CHF 500 million – rated AA (Stable) by S&P and Aa1 (Stable) by Moody\u2019s. The net proceeds will be used for general corporate purposes.Under the chairmanship of Mr. Jean-Paul Agon, Chairman of the Board of Directors, L\u2019Or\u00e9al\u2019s Annual General Meeting took place on 24 April. All proposed resolutions were approved. \u00a0<\/p>\n 2026 HALF-YEAR RESULTS<\/p>\n The limited review procedures of the half-year consolidated accounts have been completed. The limited review report is being prepared by the Statutory Auditors.<\/p>\n Operating profitability at 21.3% of sales<\/p>\n Consolidated profit and loss accounts: from sales to operating profit.\u00a0<\/p>\n \u20acm30\/6\/25% of sales31\/12\/25% of sales30\/6\/26% of salesChange<\/p>\n H1-2026 vs. H1-2025<\/p>\n Sales22,473.3100.0%44,052.0100.0%23,776.1100.0%+5.8%Cost of sales-5,692.625.3%-11,313.425.7%-5,998.725.2%\u00a0Gross profit16,780.774.7%32,738.674.3%17,777.474.8%+5.9%R&I expenses-671.73.0%-1,380.63.1%-697.12.9%\u00a0Advertising and promotion expenses-7,177.031.9%-14,177.832.2%-7,742.032.6%\u00a0Selling, general and administrative expenses-4,191.918.7%-8,288.318.8%-4,275.318.0%\u00a0Operating profit4,740.121.1%8,891.920.2%5,063.021.3%+6.8%Gross profit, at 74.8% of sales, improved by 10 basis points.<\/p>\n Research & Innovation expenses\u00a0remained broadly stable at 2.9% of sales.<\/p>\n Advertising and promotional expenses\u00a0increased by 70 basis points to 32.6% of sales.<\/p>\n Selling, general and administrative expenses decreased by 70 basis points to 18.0% of sales.<\/p>\n Overall, operating profit\u00a0increased by +6.8% to 5,063.0 million euros, and amounted to 21.3% of sales, an improvement of 20 basis points compared to the first half of 2025.<\/p>\n \u00a0<\/p>\n Operating profit by Division<\/p>\n \u00a030\/6\/2531\/12\/2530\/6\/26\u00a0\u20acm% of sales\u20acm% of sales\u00a0\u20acm% of sales<\/p>\n","protected":false},"excerpt":{"rendered":"Strong momentum confirmed +6.5% adjusted\u00a0LFL growth, record operating margins Sales: 23.77 billion euros,\u00a0+6.8% like-for-like1 and +5.8% reported.Adjusted like-for-like…\n","protected":false},"author":2,"featured_media":58777,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12905],"tags":[2333,31853,1580,2404],"class_list":["post-58776","post","type-post","status-publish","format-standard","has-post-thumbnail","category-loreal","tag-2333","tag-half-year","tag-loreal","tag-results"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/58776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=58776"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/58776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/58777"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=58776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=58776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=58776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}