2024 universal registration document

1. Presentation of the Group – Integrated Report

Compared consolidated income statements
€ millions 2024 2023 2022
Sales Sales

2024

43,486.8
Sales

2023

41,182.5
Sales

2022

38,260.6
Cost of sales

Cost of sales

2024

(11,227.0)

Cost of sales

2023

(10,767.0)

Cost of sales

2022

(10,577.4)

Gross profit Gross profit

2024

32,259.8
Gross profit

2023

30,415.5
Gross profit

2022

27,683.3
Research & Innovation expenses

Research & Innovation expenses

2024

(1,354.7)

Research & Innovation expenses

2023

(1,288.9)

Research & Innovation expenses

2022

(1,138.6)

Advertising and promotion

Advertising and promotion

2024

(14,008.9)

Advertising and promotion

2023

(13,356.6)

Advertising and promotion

2022

(12,059.0)

Selling, general and administrative expenses

Selling, general and administrative expenses

2024

(8,208.7)

Selling, general and administrative expenses

2023

(7,626.7)

Selling, general and administrative expenses

2022

(7,028.8)

Operating profit Operating profit

2024

8,687.5
Operating profit

2023

8,143.3
Operating profit

2022

7,456.9
Other income and expenses

Other income and expenses

2024

(437.7)

Other income and expenses

2023

(449.9)

Other income and expenses

2022

(241.5)

Operational profit Operational profit

2024

8,249.8
Operational profit

2023

7,693.4
Operational profit

2022

7,215.4
Finance costs on gross debt

Finance costs on gross debt

2024

(373.4)

Finance costs on gross debt

2023

(226.7)

Finance costs on gross debt

2022

(70.4)

Finance income on cash and cash equivalents

Finance income on cash and cash equivalents

2024

148.7

Finance income on cash and cash equivalents

2023

162.1

Finance income on cash and cash equivalents

2022

69.8

Finance costs, net Finance costs, net

2024

(224.7)
Finance costs, net

2023

(64.6)
Finance costs, net

2022

(0.6)
Other financial income and expenses

Other financial income and expenses

2024

(36.7)

Other financial income and expenses

2023

(48.8)

Other financial income and expenses

2022

(72.3)

Sanofi dividends

Sanofi dividends

2024

444.5

Sanofi dividends

2023

420.9

Sanofi dividends

2022

468.2

Profit before tax and associates Profit before tax and associates

2024

8,432.9
Profit before tax and associates

2023

8,001.0
Profit before tax and associates

2022

7,610.6
Income tax

Income tax

2024

(2,015.1)

Income tax

2023

(1,810.6)

Income tax

2022

(1,899.4)

Share of profit in associates

Share of profit in associates

2024

(1.3)

Share of profit in associates

2023

0.2

Share of profit in associates

2022

1.4

Net profit Net profit

2024

6,416.5
Net profit

2023

6,190.5
Net profit

2022

5,712.6
Attributable to:

Attributable to:

2024

 

Attributable to:

2023

 

Attributable to:

2022

 

owners of the company owners of the company

2024

6,408.7

owners of the company

2023

6,184.0

owners of the company

2022

5,706.6

non-controlling interests non-controlling interests

2024

7.8

non-controlling interests

2023

6.5

non-controlling interests

2022

6.0

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

Earnings per share attributable to owners of the company

(euros)

2024

11.99

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

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

Diluted earnings per share attributable to owners of the company

(euros)

2024

11.95

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

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)

2024

12.70

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

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)

2024

12.66

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

Sources and uses of funds

This diagram shows a breakdown of Gross Cash Flow: Sources and Applications of Funds in 2024.

Sources of Funds(in millions of euros):

  1. Net profit attributable to owners of the company: 6,408.7
  2. Amortisation and provisions: 1,855.3
  3. Capital gains or losses on disposals of assets, changes in deferred taxes and other: 248.6

Total Gross Cash Flow : 8,512.6