2023 universal registration document

1. Presentation of the Group – Integrated Report

Compared consolidated income statements
€ millions 2023 2022 2021
Net sales Net sales202341,182.5 Net sales202238,260.6 Net sales202132,287.6
Cost of sales

Cost of sales

2023

-10,767.0

Cost of sales

2022

-10,577.4

Cost of sales

2021

-8,433.3

Gross profit Gross profit202330,415.5 Gross profit202227,683.3 Gross profit202123,854.3
Research & Innovation expenses

Research & Innovation expenses

2023

-1,288.9

Research & Innovation expenses

2022

-1,138.6

Research & Innovation expenses

2021

-1,028.7

Advertising and promotion expenses

Advertising and promotion expenses

2023

-13,356.6

Advertising and promotion expenses

2022

-12,059.0

Advertising and promotion expenses

2021

-10,591.0

Selling, general and administrative expenses

Selling, general and administrative expenses

2023

-7,626.7

Selling, general and administrative expenses

2022

-7,028.8

Selling, general and administrative expenses

2021

-6,074.2

Operating profit Operating profit20238,143.3 Operating profit20227,456.9 Operating profit20216,160.3
Other income and expenses

Other income and expenses

2023

-449.9

Other income and expenses

2022

-241.5

Other income and expenses

2021

-432.0

Operational profit Operational profit20237,693.4 Operational profit20227,215.4 Operational profit20215,728.3
Finance costs on gross debt

Finance costs on gross debt

2023

-226.7

Finance costs on gross debt

2022

-70.4

Finance costs on gross debt

2021

-38.0

Finance income on cash and cash equivalents

Finance income on cash and cash equivalents

2023

162.1

Finance income on cash and cash equivalents

2022

69.8

Finance income on cash and cash equivalents

2021

18.5

Finance costs, net Finance costs, net2023-64.6 Finance costs, net2022-0.6 Finance costs, net2021-19.4
Other financial income and expenses

Other financial income and expenses

2023

-48.8

Other financial income and expenses

2022

-72.3

Other financial income and expenses

2021

-40.2

Sanofi dividends

Sanofi dividends

2023

420.9

Sanofi dividends

2022

468.2

Sanofi dividends

2021

378.3

Profit before tax and associates Profit before tax and associates20238,001.0 Profit before tax and associates20227,610.6 Profit before tax and associates20216,046.9
Income tax

Income tax

2023

-1,810.6

Income tax

2022

-1,899.4

Income tax

2021

-1,445.4

Share of profit in associates

Share of profit in associates

2023

0.2

Share of profit in associates

2022

1.4

Share of profit in associates

2021

0.6

Net profit Net profit20236,190.5 Net profit20225,712.6 Net profit20214,602.2
Attributable to:

Attributable to:

2023

 

Attributable to:

2022

 

Attributable to:

2021

 

owners of the company

owners of the company

2023

6,184.0

owners of the company

2022

5,7066

owners of the company

2021

4,597.1

non-controlling interests

non-controlling interests

2023

6.5

non-controlling interests

2022

6.0

non-controlling interests

2021

5.1

Earnings per share attributable to owners of the company (euros)

Earnings per share attributable to owners of the company

(euros)
2023

11.55

Earnings per share attributable to owners of the company

(euros)
2022

10.65

Earnings per share attributable to owners of the company

(euros)
2021

8.24

Diluted earnings per share attributable to owners of the company (euros)

Diluted earnings per share attributable to owners of the company

(euros)
2023

11.52

Diluted earnings per share attributable to owners of the company

(euros)
2022

10.61

Diluted earnings per share attributable to owners of the company

(euros)
2021

8.21

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)
2023

12.11

Earnings per share attributable to owners of the company, excluding non-recurring items

(euros)
2022

11.30

Earnings per share attributable to owners of the company, excluding non-recurring items

(euros)
2021

8.86

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)
2023

12.08

Diluted earnings per share attributable to owners of the company, excluding non‑recurring items

(euros)
2022

11.26

Diluted earnings per share attributable to owners of the company, excluding non‑recurring items

(euros)
2021

8.82

Sources and application of funds

This graph shows the sources and application of funds.

Sources

  • Net profit attributable to owners of the company: 6,190.5
  • Amortisation and provisions: 1,715.0
  • Capital gains or losses on disposals of assets, changes in deferred taxes and other: 94.0

Applications

  • Investments in tangible and intangible assets: 1,488.7
  • Operating flow: 6,115.9
  • Change in working capital requirement: 394.9

Gross cash flow: 7,999.5