Commenting on the figures, Nicolas Hieronimus, CEO of L'Oréal, said(1):“We achieved a remarkable performance this year, thanks to our innovation leadership, our highly desirable brands, our operational agility and the tremendous commitment of our teams. Comparable growth vs. 2019 accelerated quarter after quarter and reached +23% over the full year. Our balanced growth across Divisions and regions once again demonstrates the relevance of our multipolar model: strategically centralised and operationally decentralised with a strong entrepreneurial mindset, this model is ideally suited to the current environment.
We have emerged stronger from 2022 and reinforced our position as the world’s leading beauty company. These high-quality results allow us to consistently support our social and environmental commitments, in line with our dual ambition of economic and corporate performance. Mindful of the current uncertainties, we remain ambitious for the future, optimistic about the outlook for the beauty market, and confident in our ability to keep outperforming the market and achieve in 2023 another year of growth in sales and profits.”
Sales amounted to 38.26 billion euros at 31 December 2022,up by +18.5% reported.
Like-for-like, i.e. based on a comparable scope of consolidation and identical exchange rates, the growth of L’Oréal group sales was +10.9%.
The net impact of changes in the scope of consolidation was +0.4%.
At the end of 2022, currency fluctuations had an impact of +7.2%.
(1) Press realease of 9 February 2023.
(2) Like-for-like: based on a comparable scope of consolidation and identical exchange rates.
(3) Diluted earnings per share, based on net profit, excluding non-recurring items, after non-controlling interests.
(4)To be proposed at the Annual General Meeting of 21 April 2023.
