| 2020 | 2021 | 2022 | ||||
|---|---|---|---|---|---|---|
| € millions | % 2020 sales | € millions | % 2021 sales | € millions | % 2022 sales | |
| Professional Products | 582 | 18,8% | 807 | 21.3% | 954 | 21.3% |
| Consumer Products | 2,388 | 20,4% | 2,466 | 20.2% | 2,775 | 19.8% |
| L’Oréal Luxe | 2,276 | 22,4% | 2,816 | 22.8% | 3,350 | 22.9% |
| Active Cosmetics | 766 | 25,4% | 991 | 25.2% | 1,303 | 25.4% |
| DIVISIONS TOTAL | 6,012 | 21,5% | 7,080 | 21.9% | 8,382 | 21.9 % |
| Non-allocated(1) | -803 | -803 | -920 | -2.8% | -925 | - 2.4% |
| GROUP | 5,209 | 18,6% | 6,160 | 19.1% | 7,457 | 19.5% |
(1) Non-allocated = Central Group expenses, fundamental research expenses, free grant of shares expenses and miscellaneous items.
The profitability of the Professional Products Division came out at 21.3%, stable compared with 2021.
The profitability of the Consumer Products Division came out at 19.8%, vs 20.2% in 2021.
The profitability of L’Oréal Luxe improved by 10 basis points, at 22.9%.
The profitability of the Active Cosmetics Division increased by20 basis points to 25.4%.
Non-allocated expenses amounted to 925.1 million euros.
| 2021/2022 evolution | |||||
|---|---|---|---|---|---|
| € millions | 2020 | 2021 | 2022 | Like-for-like | Reported figures |
| Skincare | 11,052 | 12,982 | 15,344 | 10.1% | 18.2% |
| Make-up | 5,969 | 6,627 | 7,739 | 9..2% | 16.8% |
| Haircare | 4,254 | 4,880 | 5,750 | 12.0% | 17.8% |
| Hair colourants | 2,972 | 3,016 | 3,362 | 4.6% | 11.5% |
| Perfumes | 2,529 | 3,512 | 4,546 | 22.8% | 29.5% |
| Other(1) | 1,216 | 1,271 | 1,520 | 6.3% | 19.6% |
| TOTAL COSMETICS SALES | 27,992 | 32,288 | 38,261 | 10.9% | 18.5% |
“Other” includes hygiene products, sales made by American distributors with non-Group brands.
| € millions | 2022 | 2021 | 2020 |
|---|---|---|---|
| Net sales | Net sales202238,260.6 | Net sales202132,287.6 | Net sales202027,992.1 |
| Cost of sales |
Cost of sales 2022-10,577.4 |
Cost of sales 2021-8,433.3 |
Cost of sales 2020-7,532.3 |
| Gross profit | Gross profit202227,683.3 | Gross profit202123,854.3 | Gross profit202020,459.8 |
| Research & Innovation expenses |
Research & Innovation expenses 2022-1,138.6 |
Research & Innovation expenses 2021-1,028.7 |
Research & Innovation expenses 2020-964.4 |
| Advertising and promotion expenses |
Advertising and promotion expenses 2022-12,059.0 |
Advertising and promotion expenses 2021-10,591.0 |
Advertising and promotion expenses 2020-8,647.9 |
| Selling, general and administrative expenses |
Selling, general and administrative expenses 2022-7,028.8 |
Selling, general and administrative expenses 2021-6,074.2 |
Selling, general and administrative expenses 2020-5,638.5 |
| Operating profit |
Operating profit 20227,456.9 |
Operating profit 20216,160.3 |
Operating profit 20205,209.0 |
| Other income and expenses |
Other income and expenses 2022-241.5 |
Other income and expenses 2021-432.0 |
Other income and expenses 2020-709.0 |
| Operational profit | Operational profit20227,215.4 | Operational profit20215,728.3 | Operational profit20204,500.0 |
| Finance costs on gross debt |
Finance costs on gross debt 2022-70.4 |
Finance costs on gross debt 2021-38.0 |
Finance costs on gross debt 2020-79.2 |
| Finance income on cash and cash equivalents |
Finance income on cash and cash equivalents 202269,8 |
Finance income on cash and cash equivalents 202118,5 |
Finance income on cash and cash equivalents 202018.5 |
| Finance costs, net | Finance costs, net2022-0.6 | Finance costs, net2021-19.4 | Finance costs, net2020-59.4 |
| Other financial income and expenses |
Other financial income and expenses 2022-72.3 |
Other financial income and expenses 2021-40.2 |
Other financial income and expenses 2020-36.5 |
| Sanofi dividends |
Sanofi dividends 2022468.2 |
Sanofi dividends 2021378.3 |
Sanofi dividends 2020372.4 |
| Profit before tax and associates | Profit before tax and associates20227,610.6 | Profit before tax and associates20216,046.9 | Profit before tax and associates20204,776.5 |
| Income tax |
Income tax 2022-1,899.4 |
Income tax 2021-1,445.4 |
Income tax 2020-1,209.8 |
| Share of profit in associates |
Share of profit in associates 20221.4 |
Share of profit in associates 20210.6 |
Share of profit in associates 20200.9 |
| Net profit | Net profit20225,712.6 | Net profit20214,602.2 | Net profit20203,567.6 |
| Attributable to: |
Attributable to: 2022
|
Attributable to: 2021
|
Attributable to: 2020
|
|
5,706.6 |
4,597.1 |
3,563.4 |
|
6.0 |
5.1 |
4.2 |
| Earnings per share attributable to owners of the company (euros) |
Earnings per share attributable to owners of the company (euros) 202210.65 |
Earnings per share attributable to owners of the company (euros) 20218.24 |
Earnings per share attributable to owners of the company (euros) 20206.37 |
| Diluted earnings per share attributable to owners of the company (euros) |
Diluted earnings per share attributable to owners of the company (euros) 202210.61 |
Diluted earnings per share attributable to owners of the company (euros) 20218.21 |
Diluted earnings per share attributable to owners of the company (euros) 20206.34 |
| Earnings per share attributable to owners of the company, excluding non-recurring items (euros) |
Earnings per share attributable to owners of the company, excluding non-recurring items (euros) 202211.30 |
Earnings per share attributable to owners of the company, excluding non-recurring items (euros) 20218.86 |
Earnings per share attributable to owners of the company, excluding non-recurring items (euros) 20207.33 |
| Diluted earnings per share attributable to owners of the company, excluding non-recurring items (euros) |
Diluted earnings per share attributable to owners of the company, excluding non-recurring items (euros) 202211.26 |
Diluted earnings per share attributable to owners of the company, excluding non-recurring items (euros) 20218.82 |
Diluted earnings per share attributable to owners of the company, excluding non-recurring items (euros) 20207.30 |
(1) In 2022, the operating margin was negatively impacted by -40bp in each division and by -20bp at group level:
