Key figures 2013

FR
EN
Performance over 5 years
  • Consolidated sales
  • Operating profit
  • Pre-tax profit excluding non-recurrent items
  • Net profit excluding non-recurrent items after minority interests
Non-recurring items include mainly capital gains and losses on long-term asset disposals, impairment of long-term assets, restructuring costs and elements relating to identified operational incomes and expenses, non-recurring and significant regarding the consolidated performance.
Non-recurring items include mainly capital gains and losses on long-term asset disposals, impairment of long-term assets, restructuring costs and elements relating to identified operational incomes and expenses, non-recurring and significant regarding the consolidated performance.
Breakdown by branch*

2013 Consolidated sales

Growth
€ millions Like-for-like Published
Cosmetics 21,315 +5.2% +2.4%
The Body Shop 836 +1.2% -2.3%
Dermatology** 826 +3.9% +3.9%
*The group's business is composed of the cosmetics and dermatology branches and The Body Shop.
**Group share. i.e. 50%.

2013 Operating profit

€ millions Weight Published growth % of sales
Cosmetics 3,686 95.1% +6.0% 17.3%
The Body Shop 72 1.9% -6.5% 8.6%
Dermatology** 117 3.0% -18.2% 14.1%
*The group's business is composed of the cosmetics and dermatology branches and The Body Shop.
**Group share. i.e. 50%.

Cosmetics branch
  • 2013 Consolidated sales
  • 2013 Operating profit

* "Other" includes hygiene products and the sales made by American distributors with brands outside of the group.

By division

€ millions % of sales
Professionnel Products 610 20.5%
Consumer Products 2,167 19.9%
L'Oréal Luxe 1,174 20.0%
Active Cosmetics 340 21.2%
Cosmetics divisions total 4,291 20.1%
Non-allocated* -605 -2.8%
Cosmetics branch total 3,686 17.3%
* Non-allocated = Central Group expenses, fundamental research expenses, stock options and free grant of shares expenses and miscellaneous items. As a % of cosmetics sales.



By geographic zone

€ millions % of sales
Western Europe 1,659 22.2%
North America 1,003 18.7%
New Markets 1,629 19.2%
Cosmetics total for geographic zones* 4,291 20.1%
* Before non-allocated.
Financial ratios
2012 2013
Operation profit / sales
(% of sales)
16.5% 16.9%
Net profit excluding non-recurrent items after minority interests / Opening shareholders' equity
(% of shareholders' equity)
16.9% 14.9%
Net gearing*
(% of shareholders' equity)
-7.5% -9.8%
Cash flow / Investments 3.8x 3.7x
*Net gearing =
Current and non-current debt - Cash and cash equivalents
Shareholders' equity after minority interests

Breakdown of shareholding structure
* In the L’Oréal Company Savings Plan (PEE).
Dividend
* Dividend proposed to the Annual General Meeting of April 17, 2014.
** Based on the dividend proposed to the Annual General Meeting of April 17, 2014.
*** Dividend distribution rate based on diluted net profit excluding non-recurrent items per share.

Research and innovation
  • Research and innovation budget
  • Number of patents
Human resources
  • Change in workforce
  • Breakdown of employees by geographic zone
Operations

Main indicators

2011 2012 2013
Cosmetics investments
(Production & physical distribution commitments, € millions)
326 331 359
Comparable products purchasing price index
Index (basis 100 : years N-1)
99.1 96.6 96.6



2013 Cosmetics production Cosmetics consolidated sales
Western Europe 42.8% 35.1%
North America 21.0% 25.1%
New Markets 36.2% 39.8%
Total 100.0% 100.0%