Sales amounted to €41.18 billion at 31 December 2023, up +7.6% reported.
Like-for-like, i.e. based on a comparable structure and identical exchange rates, sales grew by +11.0%.
The net impact of changes in the scope of consolidation was +1.6%.
Growth at constant exchange rates came out at +12.6%.
Currency fluctuations had a negative impact of -5.0% at the end of 2023.
SALES BY DIVISION AND GEOGRAPHIC ZONE
| non-inclus | non-inclus | non-inclus | 2022/2023 progression | |||
|---|---|---|---|---|---|---|
| € millions | 2021 | 2022 | 2023 | % 2023 sales | Like-for-like | Reported figures |
| By Division | ||||||
| Professional Products | 3,783.9 | 4,476.8 | 4,653.9 | 11.3% | +7.6% | +4.0% |
| Consumer Products | 12,233.5 | 14,021.3 | 15,172.7 | 36.8% | +12.6% | +8.2% |
| L’Oréal Luxe | 12,346.2 | 14,638.1 | 14,924.0 | 36.2% | +4.5% | +2.0% |
| Dermatological Beauty(1)(1) Formerly known as the Active Cosmetics Division. | 3,924.0 | 5,124.5 | 6,432.0 | 15.6% | +28.4% | +25.5% |
| GROUP TOTAL | 32,287.6 | 38,260.6 | 41,182.5 | 100.0% | +11.0% | +7.6% |
| By Region | ||||||
| Europe | 10,184.8 | 11,436.7 | 13,007.8 | 31.6% | +16.0% | +13.7% |
| North America | 8,155.9 | 10,164.0 | 11,147.2 | 27.1% | +11.8% | +9.7% |
| North Asia | 9,863.3 | 11,321.4 | 10,662.9 | 25.9% | -0.9% | -5.8% |
| SAPMENA – SSA(2)SAPMENA – SSA: South Asia Pacific, Middle East, North Africa, Sub-Saharan Africa. | 2,312.0 | 2,962.4 | 3,447.7 | 8.4% | +23.2% | +16.4% |
| Latin America | 1,771.5 | 2,376.2 | 2,916.9 |
7.1% |
+24.4% | +22.8% |
| GROUP TOTAL | 32,287.6 | 38,260.6 | 41,182.5 | 100.0% | +11.0% | +7.6% |
The Professional Products Division reported robust growth of +7.6% like-for-like and +4.0% reported.
The Division significantly outperformed the professional beauty market, supported by its strategic focus on driving haircare, strengthening its omni-channel approach and conquering new markets.
Its two biggest brands, L’Oréal Professionnel and Kérastase, grew strongly.
By category, haircare remained particularly dynamic. This was driven by the ongoing success of Kérastase, especially its key Genesis and Chronologiste brand franchises, as consumers continued to premiumise their haircare routines. Growth was underpinned by L’Oréal Professionnel’s breakthrough innovations, including Metal Detox and Absolut Repair Molecular. In hair colour, it was driven by the blockbusters Shades EQ by Redken and the new Inoa by L’Oréal Professionnel.
Momentum was positive across all regions, led by China, the Division’s second largest market, as well as emerging markets, notably India, now the fifth-largest market.
In the professional beauty industry, the Division further strengthened its leadership position, supported by its unrivalled Beauty Tech backbone, which drove strong growth in e-commerce both in B2B and B2C.
The Consumer Products Division had its best growth in more than 30 years at +12.6% like-for-like and +8.2% reported.
The Division outperformed a dynamic mass market and delivered strong growth surpassing €15 billion. Throughout the year, growth was driven by volume and value as the Division continued to pursue its strategy of simultaneously democratising and premiumising.
All four key brands grew in double digits, with L’Oréal Paris crossing the €7 billion mark.
All major categories posted strong growth, as disruptive innovations met flawless execution. Makeup was the leading contributor to the Division’s growth, propelled by the launches of Surreal Mascara by Maybelline New York, Infallible Matte Resistance lipstick by L’Oréal Paris, and Fat Oil gloss by NYX Professional Makeup. Hair was also very dynamic, valorising with premium launches like Elvive Bond Repair by L’Oréal Paris and Garnier Good haircolor. Skincare grew significantly, with the very successful global roll out of Garnier Fast Bright with Vitamin C as well the launches ofRevitalift Clinical and Glycolic Bright by L’Oréal Paris.
By region, the most noteworthy performances were in Europe, where momentum saw a truly spectacular acceleration, making it a key growth contributor, and in emerging markets, particularly Mexico, Brazil, and India. North America delivered robust growth.
