L'Oréal in figures

A robust and balanced
business model

The group achieved a significant growth in sales and robust profits in 2016. Operating margin and cash flows have set new records, confirming that L’Oréal’s business model is set to deliver robust performance and create significant value.
1er
cosmetics group
worldwide(1)
140countries
A global flotilla of
34
complementary
brands
89,300employees
L'Oréal's balanced business model helps us to build a sustainable and profitable growth dynamic.
473patents registered
in 2016
€4.54 Bn Operating profit
+6.45%dividend
per share
growth

Consolidated sales (in millions of euros)

See progress over
3 years
  • 3 years
  • 5 years
  • 10 years
  • 17,063
    2007
  • 17,542
    2008
  • 17,473
    2009
  • 19,496
    2010
  • 20,343
    2011
  • 21,638
    2012
  • 22,124
    2013
  • 22,532
    2014
  • 25,257
    2015
  • 25,837
    2016
€25.84 Bn sales
+4.7%(2) like-for-like sales growth

Weight of digital in sales(3)

  • €1.7 Bn
    of sales in E-commerce
  • 6.5%
    of consolidated sales
    in E-commerce
  • +32.7%
    of like-for-like growth
    in E-commerce

Breakdown of 2016
operational Divisions’ sales (as %)​​​​​​​

operational
Divisions

  • 48.1%Consumer Products
  • 30.8%L’Oréal Luxe
  • 13.6%Professional Products
  • 7.5%Active Cosmetics

Geographic
Zones

  • 32.1%Western Europe
  • 28.5%North America
  • 39.4%New Markets
  • 22.6%Asia, Pacific
  • 7.4%Latin America
  • 6.3%Eastern Europe
  • 3.1%Africa, Middle East

Business Segment

  • 28.5%Skincare
  • 26.4%Make-up
  • 19.2%Haircare
  • 12.1%Hair colourants
  • 9.5%Fragrances
  • 4.4%Other (4)

Record operating margin, representing 17.6% of sales

See progress over
3 years
  • 3 years
  • 5 years
  • 10 years
Operating profit (in millions of euros)
Net profit excluding non-recurring items after non-controlling interests(5) (in millions of euros)
Earnings per share(6) (in euros)
(In millions of euros)
5500
4500
3500
2500
1500
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
(In euros)
7
6
5
4
3
+4.6%6.46
+3.5%4,540
+4.5%3,647
Voir l’évolution of the operating profit on
3 years
  • 3 years
  • 5 years
  • 10 years
(In millions of euros)
5500
4500
3500
2500
1500
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
+3.5%4,540
See progress of the net profit on
3 years
  • 3 years
  • 5 years
  • 10 years
(In millions of euros)
5500
4500
3500
2500
1500
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
+4.5%3,647
See progress of the net earnings per share on
3 years
  • 3 years
  • 5 years
  • 10 years
(In euros)
7
6
5
4
3
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
+4.6%6.46

A balanced operating profitability

Profitability by Division (as % of Division sales)

Total operationnal Divisions' profitability20.7%(7)
  • Consumer Products
    20.2%
  • L’Oréal Luxe
    21.2%
  • Professional Products
    20.3%
  • Active Cosmetics
    23.2%
20.7%(7)Total operationnal Divisions' profitability

Profitability by geographic Zone (as % of Zone sales)

Total operationnal Divisions' profitability20.7%(7)
  • Western Europe
    22.9%
  • North America
    19.6%
  • New Markets
    19.7%

Solid balance sheet

  • Shareholders' equity 68.8% of total assets
  • Net cash surplus of 481 million euros
  • Capital expenditure 5.4% of sales
€97.4 Bn Market capitalisation(8)
€173.40 Share price

A dynamic shareholder return policy

See progress over
3 years
  • 3 years
  • 5 years
  • 10 years
of the pay-out ratio(9) (as % of profit)
of the dividend per share (in euros)
3,63 = Preferential dividend of +10% for shareholders who have held shares in registered form for two years(10)
(as % of profit)
60
50
40
30
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
(En euros)
4
3
2
1
3.63+6.45%3.30(11)
51.1%(12)
See progress of the pay-out ratio on
3 years
  • 3 years
  • 5 years
  • 10 years
(as % of profit)
60
50
40
30
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
51.1%(12)
See progress of the dividend per share on
3 years
  • 3 years
  • 5 years
  • 10 years
(En euros)
4
3
2
1
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
3.63+6.45%3.30(11)

Share

(1) Source : WWD, “Beauty’s Top 100”, April 2016.
(2) Like-for-like: based on comparable structure and identical exchange rates.
(3) Sales achieved on the brands’ own websites and estimated sales achieved by the brands on retailers’ websites (non-audited data).
(4) "Other" includes hygiene products and sales made by American professional distributors with brands outside of the group.
(5) Net profit excluding non-recurring items after non-controlling interests does not include impairment of assets, restructuring costs, tax effects or non-controlling interests.
(6) Diluted earnings per share, based on net profit from continuing operations, excluding non-recurring items, after non-controlling interests.
(7) Non-allocated = Central Group expenses, fundamental research expenses, stock options and free grant of shares expenses and miscellaneous items.
(8) On the number of shares at 31 December 2016, i.e. 561,855,741 shares.
(9) Pay-out ratio based on diluted net profit excluding non-recurring items, after non-controlling interests, per share.
(10) For shareholders who continuously hold their shares in registered form for a minimum of two full calendar years, up to a maximum of 0.5% of the capital for the same shareholder.
(11) Dividend proposed at the Annual General Meeting of 20 April 2017.
(12) Based on the dividend proposed at the Annual General Meeting of 20 April 2017.