L'Oréal announces strong growth in sales and profits
Sales: 22.46 billion euros
+10.4% based on reported figures
+6.2% excluding currency fluctuations
+5.5% like-for-like
Operating profit: +12.3% at 16.5% of salesNet profit after non-controlling interests: +17.6%Net earnings per share*: +13.6% at 4.91 eurosDividend**: +15% at 2.30 eurosNet cash-flow: +26.4% at 2.58 billion euros
Commenting on the annual results, Mr Jean-Paul Agon, Chairman and Chief Executive Officer of L'Oréal, said:
“2012 was a good year for L’Oréal on many fronts. The Group achieved strong sales growth, and once again demonstrated its ability to outperform the beauty market, and to gain market share, even in the more difficult markets of Western Europe and the United States. 2012 was also a very good vintage in terms of innovations – amongst the most remarkable in the industry – in each of our Divisions and major business segments.
2012 also marked a milestone in the acceleration of the Group’s internationalisation, as the “New Markets” became the number one geographic zone. Lastly, the profits and cash flow have grown very strongly, reaching record levels, and confirming the power of our business model.
In view of these successes and improvements, we are facing the future with optimism and confidence. Confidence in the positive dynamics of our market. Confidence in the strength of our “Beauty for all” mission, in our “universalisation” strategy, and in our ambition to conquer one billion new consumers. And finally, confidence in the fundamentals of L’Oréal: its research, its ability to innovate and create high quality products, its outstanding portfolio of brands, its business model, which creates both value and cash flow, and lastly the unique strength of its teams.
The Group is thus well prepared to outperform the market in 2013, and to achieve another year of sales and profit growth.”
Read the whole news release of February 11, 2013
February 11, 2013
* Diluted net earnings per share, based on net profit excluding non-recurring items after non-controlling interests.
** Proposed at the Annual General Meeting of April 26, 2013.
