Financial performance

  • €32.28 Bn  sales in 2021

  • +16.1%  like-for-like sales growth

Sales

Breakdown of 2021 sales(as %)

Divisions

  • L’Oréal Luxe

     38.2%

  • Consumer Products

     37.9%

  • Active Cosmetics

     12.2%

  • Professional Products

     11.7%

Geographic Zones

  • Europe

     31.5%

  • North Asia

     30.5%

  • North America

     25.3%

  • SAPMENA – SSA

    * South Asia Pacific, Middle East, North Africa, Sub-Saharan Africa.     7.2%

  • Latin America

     5.5%

Business Segments

  • Skincare and sun protection

     40.2%

  • Makeup

     20.5%

  • Haircare

     15.1%

  • Fragrances

    * “Other” includes hygiene products as well as sales by American professional distributors with non-Group brands.     10.9%

  • Hair colouring

     9.3%

  • Other

     3.9%

Weight of digital in sales

  • €9.3 Bn  sales in e-commerce

  • 28.9%  of consolidated sales in e-commerce

  • +25.7%  growth in e-commerce sales in 2021 

Consolidated sales(in billions of euros)

+16.1%  growth in 2021

Years Value
2012 21.64
2013 22.12
2014 22.53
2015 25.26
2016 25.84
2017 26.02
2018 26.94
2019 29.87
2020 27.99
2021 32.28

Profits

€6.16 Bn  operating profit

Operating profit(in millions of euros) 

+18.3%  increase in operating profit in 2021

Years Value
2012 3,558
2013 3,760
2014 3,891
2015 4,388
2016 4,540
2017 4,676
2018 4,922
2019 5,547
2020 5,209
2021 6,160

Operating margin increased to 19.1% of sales(in %)

19,1%  Operating margin of sales

Years

Operating margin increased to 19.1% of sales(in %)
2017 18
2018 18.3
2019 18.6
2020 18.6
2021 19.1

Net profit excluding non-recurring items after non-controlling interests(in millions of euros)

+20.5%  growth in net profit excluding non-recurring items after non-controlling interests

Years Value
2012 2,861
2013 3,032
2014 3,125
2015 3,490
2016 3,647
2017 3,749
2018 3,988
2019 4,356
2020 4,099
2021 4,938

Earnings per share(in euros)

+20.9%  growth in earnings per share in 2021

Years Value
2012 4.73
2013 4.99
2014 5.34
2015 6.18
2016 6.46
2017 6.65
2018 7.08
2019 7.74
2020 7.30
2021 8.82

Balanced operating profitability

21.9%  total Divisions

Profitability by Division(as a % of Division sales) 

Divisions Value
Professional Products 21.3%
Consumer Products 20.2%
L’Oréal Luxe 22.8%
Active Cosmetics 25.2%

A solid financial situation at 31 December 2021

  • €3,586 m  net debt

  • A1 +  Standard & Poor's September 2021

    PRIME-1  Moody's December 2021

Capital expenditure: 3.3%  of sales

A dynamic shareholder return policy

  • +20%  dividend increase in 2021

  • €4.80  preferential dividend +10% (i.e. €5.28) for shareholders holding registered shares

Years Dividend per share (in euros) Preferential dividend (in euros)
2021 4.80 5.28
2020 4.00 4.40
2019 3.85 4.23
2018 3.85 4.23
2017 3.55 3.90
2016 3.30 3.63
2015 3.10 3.41
2014 2.70 2.97
2013 2.50 2.75
2012 2.30 2.53

Pay-out ratio(as % of profit) 

54.4%  pay-out ratio as a % of profit

Years

Pay-out ratio(as % of profit) 
2012 46.8
2013 48.7
2014 50.6
2015 50.2
2016 51.1
2017 53.4
2018 54.4
2019 49.7
2020 54.8
2021 54.4

  • €416.95  share price at 31 December 2021

  • €232.5 Bn  market capitalisation

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