Financial performance
In 2022, L’Oréal achieved strong sales growth, with another year of outperformance in all Divisions and Zones thanks to its innovation leadership, highly desirable brands, operational agility and the tremendous commitment of its teams.
Sales
-
€38.26 Bn sales in 2022
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+18.5% reported growth
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+10.9% like-for-like growth
Breakdown of 2022 sales (as %)
Ecommerce
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€10.8 Bn sales in e-commerce
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28% of consolidated sales in e-commerce
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+8.9% growth in e-commerce sales
Consolidated sales
(in billions of euros)
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+18.5% growth in 2022
Profits
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€7.45 Bn operating profit
Operating profit
(in millions of euros)
-
+21.0% increase in operating profit in 2022
Strong improvement in operating margin
to 19.5% of sales
(in %)
-
19.5% Operating margin of sales
Net profit excluding
nonrecurring items after noncontrolling interests
(in millions of euros)
-
+22.6% growth in net profit excluding non-recurring items after non-controlling interests
Earnings per share
(in euros)
-
+27.6% growth in earnings per share in 2022
Balanced operating profitability
Profitability by Division
(as a % of Division sales)
-
21.9% Total for Divisions, before non-allocated
A solid financial situation
at 31 December 2022
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€3,033 m net debt
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Aa1 Moody’s (March 2022)
Long-term rating -
PRIME-1 Moody’s (March 2022)
Short-term rating -
AA Standard & Poor’s (September 2022)
Long-term rating -
A1+ Standard & Poor’s (September 2022)
Short-term rating
-
3 billion euros In 2022, L'Oréal successfully priced its inaugural public bond offering, including a sustainability-linked tranche, for an aggregate nominal value of 3 billion euros.
Capital expenditure:
3.5% of sales
A dynamic shareholder return policy
-
+25% dividend increase in 2022
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€6.00 preferential dividend +10% (i.e. €6.60) for shareholders holding registered shares
Payout ratio
(as % of profit)
-
53.3% pay-out ratio as a % of profit
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€333.60 share price at 31 December 2022
-
€178.5 Bn market capitalisation
