Sources and application of funds
This graph shows the sources and application of funds.
Sources
Net profit attributable to owners of the company: 5,712.6
Amortisation and provisions: 1,536.1
Capital gain or losses on disposals of assets, changes in deferred taxes and other: 40.6
Applications
Investments in tangible and intangible assets: 1,343.2
Operating Cash Flow: 4,935.1
Changes in working capital requirement: 1,011.0
Gross cash flow: 7,289.3
Financial ratios
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Operating profit/Sales (as % of sales) | Operating profit/Sales (as % of sales)202018.6% |
Operating profit/Sales (as % of sales)202119.1% |
Operating profit/Sales (as % of sales)202219.5% |
| Net profit excluding non-recurring items attributable to the owners of the group/Opening shareholders’ equity (% of shareholders’ equity) | Net profit excluding non-recurring items attributable to the owners of the group/Opening shareholders’ equity (% of shareholders’ equity)202013.9% |
Net profit excluding non-recurring items attributable to the owners of the group/Opening shareholders’ equity (% of shareholders’ equity)202117.0% |
Net profit excluding non-recurring items attributable to the owners of the group/Opening shareholders’ equity (% of shareholders’ equity)202225.8% |
| Net gearing(1) (% of shareholders’ equity) | Net gearing (1) (% of shareholders’ equity)2020n/a |
Net gearing (1) (% of shareholders’ equity)202115.2% |
Net gearing (1) (% of shareholders’ equity)202211.2% |
| Gross cash flow/Investments | Gross cash flow/Investments 20205,9x |
Gross cash flow/Investments 20216,2x |
Gross cash flow/Investments 20225,4x |
(1) Net gearing: (Current and non-current debt – Cash and cash equivalents) / Shareholders’ equity attributable to owners of the company.
L'Oréal 2017-2022
| € millions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Results | Results2017
|
Results2018
|
Results2019
|
Results2020
|
Results2021
|
Results2022
|
| Consolidated sales | Consolidated sales 201726,023 |
Consolidated sales 201826,937 |
Consolidated sales 201929,874 |
Consolidated sales 202027,992 |
Consolidated sales 202132,288 |
Consolidated sales 202238,260 |
| Operating profit | Operating profit 20174,676 |
Operating profit 20184,922 |
Operating profit 20195,548 |
Operating profit 20205,209 |
Operating profit 20216,160 |
Operating profit 20227,457 |
| As a percentage of consolidated sales | As a percentage of consolidated sales 201718.0% |
As a percentage of consolidated sales 201818.3% |
As a percentage of consolidated sales 201918.6% |
As a percentage of consolidated sales 202018.6% |
As a percentage of consolidated sales 202119.1% |
As a percentage of consolidated sales 202219.5% |
| Profit before tax excluding non-recurring items | Profit before tax excluding non-recurring items 20175,003 |
Profit before tax excluding non-recurring items 20185,278 |
Profit before tax excluding non-recurring items 20195,848 |
Profit before tax excluding non-recurring items 20205,485 |
Profit before tax excluding non-recurring items 20216,479 |
Profit before tax excluding non-recurring items 20227,852 |
| Net profit excluding non-recurring items attributable to the owners of the company | Net profit excluding non-recurring items attributable to the owners of the company 20173,748 |
Net profit excluding non-recurring items attributable to the owners of the company 20183,988 |
Net profit excluding non-recurring items attributable to the owners of the company 20194,357 |
Net profit excluding non-recurring items attributable to the owners of the company 20204,099 |
Net profit excluding non-recurring items attributable to the owners of the company 20214,938 |
Net profit excluding non-recurring items attributable to the owners of the company 20226,054 |
| Net profit attributable to owners of the company | Net profit attributable to owners of the company 20173,581 |
Net profit attributable to owners of the company 20183,895 |
Net profit attributable to owners of the company 20193,750 |
Net profit attributable to owners of the company 20203,563 |
Net profit attributable to owners of the company 20214,597 |
Net profit attributable to owners of the company 20225,707 |
| Total dividend | Total dividend 20172,006 |
Total dividend 20182,177 |
Total dividend 20192,173 |
Total dividend 20202,268 |
Total dividend 20212,601 |
Total dividend 20223,246 |
| Balance sheet | Balance sheet2017
|
Balance sheet2018
|
Balance sheet2019
|
Balance sheet2020
|
Balance sheet2021
|
Balance sheet2022
|
| Non-current assets | Non-current assets 201724,320 |
Non-current assets 201825,991 |
Non-current assets 201929,893 |
Non-current assets 202029,047 |
Non-current assets 202130,938 |
Non-current assets 202232,794 |
| Current assets excl. cash and cash equivalents | Current assets excl. cash and cash equivalents 20177,792 |
Current assets excl. cash and cash equivalents 20188,474 |
Current assets excl. cash and cash equivalents 20198,631 |
Current assets excl. cash and cash equivalents 20208,154 |
Current assets excl. cash and cash equivalents 20219,362 |
Current assets excl. cash and cash equivalents 202211,432 |
| Cash and cash equivalents | Cash and cash equivalents 20173,047 |
Cash and cash equivalents 20183,992 |
Cash and cash equivalents 20195,286 |
Cash and cash equivalents 20206,406 |
Cash and cash equivalents 20212,714 |
Cash and cash equivalents 20222,618 |
| Equity(1) | Equity (1)201724,819 |
Equity (1)201826,933 |
Equity (1)201929,426 |
Equity (1)202028,999 |
Equity (1)202123,593 |
Equity (1)202227,187 |
| Net financial position(2) | Net financial position (2)2017-1,872 |
Net financial position (2)2018-2,751 |
Net financial position (2)2019-2,399 |
Net financial position (2)2020-3,859 |
Net financial position (2)20213,586 |
Net financial position (2)20223,033 |
| Gross cash flow | Gross cash flow 20174,972 |
Gross cash flow 20185,178 |
Gross cash flow 20195,802 |
Gross cash flow 20205,724 |
Gross cash flow 20216,640 |
Gross cash flow 20227,289 |
| Per share data (€) | Per share data (€)2017
|
Per share data (€)2018
|
Per share data (€)2019
|
Per share data (€)2020
|
Per share data (€)2021
|
Per share data (€)2022
|
| Diluted earnings per share attributable to owners of the company excluding non‑recurring items | Diluted earnings per share attributable to owners of the company excluding non‑recurring items 20176.65 |
Diluted earnings per share attributable to owners of the company excluding non‑recurring items 20187.08 |
Diluted earnings per share attributable to owners of the company excluding non‑recurring items 20197.74 |
Diluted earnings per share attributable to owners of the company excluding non‑recurring items 20207.30 |
Diluted earnings per share attributable to owners of the company excluding non‑recurring items 20218.82 |
Diluted earnings per share attributable to owners of the company excluding non‑recurring items 202211.26 |
| Dividend | Dividend 20173.55 |
Dividend 20183.85 |
Dividend 20193.85 |
Dividend 20204.00 |
Dividend 20214.80 |
Dividend 20226.00(3) |
| Share price at 31 December(4) | Share price at 31 December(4)2017184.95 |
Share price at 31 December(4)2018201.20 |
Share price at 31 December(4)2019264.00 |
Share price at 31 December(4)2020310.80 |
Share price at 31 December(4)2021416.95 |
Share price at 31 December(4)2022333.60 |
| Highest share price during the year(4) | Highest share price during the year (4)2017197.15 |
Highest share price during the year (4)2018214.90 |
Highest share price during the year (4)2019267.60 |
Highest share price during the year (4)2020321.40 |
Highest share price during the year (4)2021433.65 |
Highest share price during the year (4)2022431.95 |
| Lowest share price during the year(4) | Lowest share price during the year (4)2017167.75 |
Lowest share price during the year (4)2018170.30 |
Lowest share price during the year (4)2019194.55 |
Lowest share price during the year (4)2020196.00 |
Lowest share price during the year (4)2021290.10 |
Lowest share price during the year (4)2022300.45 |
| Diluted weighted average number of shares outstanding(4) | Diluted weighted average number of shares outstanding (4)2017563,528,502 |
Diluted weighted average number of shares outstanding (4)2018563,098,506 |
Diluted weighted average number of shares outstanding (4)2019562,813,129 |
Diluted weighted average number of shares outstanding (4)2020561,635,963 |
Diluted weighted average number of shares outstanding (4)2021559,791,545 |
Diluted weighted average number of shares outstanding (4)2022537,657,548 |
(1) Plus non-controlling interests.
(2) The net cash surplus was €1,872 million in 2017, €2,751 million in 2018, €2,399 million in 2019, €3,859 million in 2020 and -€3,586 million in 2021. The net debt was -€3,033 million in 2022.
(3) Dividend proposed to the Annual General Meeting of 21 april 2023.
(4) The L’Oréal share has been listed in euros on the Paris Stock Exchange since 4 January 1999, where it was first listed in 1963. The share capital is €107,037,312.40 at31 December 2022; the par value of one share is €0.2.