L’Oréal: News release: “2021 Annual Results”

NEWS RELEASE                      
Clichy, 9 February 2022 at 6.30 p.m.            

2021 Annual Outcomes

A historic yr: +16.1% development ¹,
twice the magnificence market development

Very robust enhance in earnings

• Gross sales: 32.28 billion euros
  • +16.1% like-for-like ¹
  • +16.9% at fixed change charges
  • +15.3% primarily based on reported figures
• Gross sales development in comparison with 2019: +11.3% like-for-like
• Document operating revenue: 6.16 billion euros, 19.1% of gross sales
• Earnings per share ²: 8.82 euros, a rise of +20.9%
• Dividend ³: 4,80 euros, a rise of +20%

The L’Oréal Board of Administrators met on 9 February 2022, beneath the chairmanship of Jean-Paul Agon and within the presence of the Statutory Auditors. The Board closed the consolidated monetary statements and the monetary statements for 2021.

Commenting on the figures, Nicolas Hieronimus, Chief Govt Officer of L’Oréal, stated:

“2021 was a historic yr for L’Oréal. Because of the experience, ardour and dedication of our 85,400 L’Oréalians round the world, the Group achieved report development of +16.1%¹, twice that of the worldwide magnificence market. L’Oréal gained market share in all Zones, Divisions and classes. Over two years, the Group achieved development of +11.3% like-for-like, spectacularly outperforming a market that had returned virtually to 2019 ranges.

In 2021, all stars aligned for this historic efficiency.

By way of Zones, North America made a robust comeback and joined North Asia as the first development contributor. In Europe, boosted by the Zone’s reorganisation, L’Oréal achieved important market share good points and noticed a return to 2019 ranges. With an especially unstable public well being scenario in SAPMENA-SSA ⁴ and Latin America, L’Oréal demonstrated agility and delivered stable efficiency.

L’Oréal Luxe turned the Group’s largest Division, with exceptional success in fragrances, whereas the Client Merchandise Division, the most important Division by quantity, strengthened its place, with noteworthy efficiency in make-up. The fast-growing Skilled Merchandise Division continued its far-reaching transformation and have become actually omnichannel. With a portfolio of manufacturers that completely matches customers’ well being aspirations, Energetic Cosmetics additionally achieved spectacular development, doubling in 4 years.

In 2021, we once more prolonged our digital lead: e-commerce ⁵ grew by +25.7% ⁶, accounting for 28.9% of gross sales. We have been capable of seize the alternatives provided by new digital channels. On the similar time, we are persevering with to digitalise factors of sale as a part of an built-in omnichannel technique.

We’re additionally pursuing our Magnificence Tech transformation by investing in knowledge and synthetic intelligence, and by establishing strategic partnerships akin to our alliance with Verily, to higher perceive and characterise pores and skin and hair ageing mechanisms.

L’Oréal’s distinctive development, pushed by superior improvements, in addition to rigorous price management, has enabled us to speculate extensively in our manufacturers and enhance their attraction, whereas on the similar time delivering report working revenue and an working margin up 50 foundation factors.

We’re additionally pleased with our social and environmental efficiency, which displays our ambition to develop responsibly and share worth with all our stakeholders. Initially, with our workers, whom we affiliate with these distinctive outcomes by means of a report redistribution of profit-sharing schemes. Moreover, to advertise youth employment, final yr we supplyed greater than 18,300 job alternatives to younger individuals beneath 30 as a part of our new international “L’Oréal For Youth” programme, which has an bold goal of 25,000 alternatives per yr from 2022 to 2025. Our efforts to assist gender parity have been additionally recognised by the Bloomberg Gender–Equality Index. As well as, L’Oréal USA, our largest subsidiary, achieved carbon neutrality for all its websites in 2021, some 4 years forward of our L’Oréal for the Future commitments. L’Oréal is the one firm on the earth to have been awarded an AAA rating by CDP six years in a row, for environmental management in tackling local weather change, defending forests and making certain water safety.

The tip of the yr was marked by the strategic transaction consisting of the buyback by L’Oréal of 4% of its personal shares held by Nestlé, which strengthens our shareholder construction, a key asset within the Group’s long-term success.

In a international context that continues to be unstable initially of the yr, we’re assured in our capacity to outperform the market in 2022 and obtain one other yr of development in each gross sales and earnings.”

                                                       ***

Annual Basic Assembly to be held on 21 April 2022

The Annual Basic Assembly will happen on 21 April 2022 at 10:00am. Shareholders will likely be invited by means of the same old channels. The assembly will keep in mind the newest developments within the presently altering public well being circumstances.

Shareholders are suggested to verify recurrently the “Annual Basic Assembly” part on the
loreal-finance.com web site for updates regarding the Annual Basic Assembly.

Composition of the Board of Administrators and its Committees

Assembly on 9 February 2022, the Board of Administrators determined to suggest to the Annual Basic Assembly of 21 April 2022 the renewal of the tenure as director of Mr Jean-Paul Agon, Mr Patrice Caine and Ms Belén Garijo for a four-year time period.

If the Annual Basic Assembly approves Mr Agon’s renewed tenure as director, the Board assembly held after this Assembly will likely be requested to reappoint him in his capability as Chairman of the Board of Administrators.

If the Annual Basic Assembly approves the proposed resolutions, the Board of Administrators will proceed to be composed of 16 administrators, i.e. 14 administrators appointed by the Assembly and two administrators representing the workers.

The steadiness by way of independence and variety will stay unchanged:

• Seven unbiased administrators out of 14 administrators appointed by the Annual Basic Assembly, i.e. 50%,
• Seven ladies and 7 males out of 14 administrators appointed by the Annual Basic Assembly, i.e. parity at 50%.

2021 SALES

Like-for-like, i.e. primarily based on a comparable construction and an identical change charges, the gross sales development of the L’Oréal group was +16.1%.
The web affect of adjustments within the scope of consolidation was +0.8%.
Progress at fixed change charges got here out at 16.9%.
On the finish of 2021, forex fluctuations had a adverse affect of -1.6%. 
Based mostly on reported figures, the Group’s gross sales, at 31 December 2021, amounted to 32.28 billion euros, a rise of +15.3%.

 Gross sales by Division and Geographic Zone

Abstract by Division

PROFESSIONAL PRODUCTS

The Skilled Merchandise Division ended the yr with robust development: +24.8% like-for-like and +22.2% primarily based on reported figures.
The Division maintained its upward momentum and achieved historic market share good points throughout all Zones, with exceptional efficiency in america and mainland China particularly. The advantages of its omnichannel technique have been mirrored within the restoration of in-salon gross sales, the distinctive efficiency of the SalonCentric distribution channel in america in addition to a powerful enhance in e-commerce.
Haircare remained the primary development class. Kérastase had a spectacular yr, pushed by the success of Curl Manifesto. L’Oréal Professionnel, because of its disruptive innovation Metallic Detox, and Redken, with its new Acidic Bonding Focus line, additionally recorded robust development. Hair color made a really robust restoration, thanks particularly to the success of Shades EQ by Redken and Dialight by L’Oréal Professionnel.
As an business chief, the Division is encouraging all its accomplice hairstylists to interact within the sustainable transition by launching its “Hairstylists for the Future” programme.

CONSUMER PRODUCTS

The Client Merchandise Division grew by +5.6% like-for-like and +4.5% reported, with +6.5% like-for-like development within the fourth quarter.
The Division gained market share in 2021. The momentum is powerful in america in addition to in high-potential markets, together with India, Brazil, Mexico and Indonesia. Progress was pushed by the event of e-commerce, in all of the Zones and notably in rising markets.
All main manufacturers grew, with an distinctive run of improvements in all classes: in make-up, with Sky Excessive mascara by Maybelline, which was essentially the most profitable launch within the model’s historical past; in haircare, with premium improvements akin to Dream Lengths Surprise Water by Elsève, or L’Oréal Fall Resist in mainland China; and in skincare, with Garnier’s vastly profitable Vitamin C Serum in lots of nations within the SAPMENA and Latin America Zones. NYX Skilled Make-up additionally had an distinctive yr, boosted by main launches and new sorts of partnerships, such because the one with hit Netflix collection Cash Heist (La Casa de Papel). L’Oréal Paris strengthened its place because the world’s primary magnificence model with gross sales exceeding 6 billion euros.

L’ORÉAL LUXE

L’Oréal Luxe recorded robust development at +20.9% like-for-like and +21.3% reported, in a world luxurious magnificence market that confirmed its restoration and noticed a return near pre-Covid ranges.
The Division achieved exceptional, balanced efficiency, by class, geographic Zone and distribution community, and has turn into the most important Division of the Group. L’Oréal Luxe took full benefit of the complementarity between its distribution channels, with a balanced acceleration of on-line and offline gross sales.
L’Oréal Luxe gained market share in its three classes. The ultra-premium manufacturers Lancôme Absolue and Helena Rubinstein, and anti-aging improvements akin to Retinol Pores and skin-Renewing Every day Micro-Dose Serum by Kiehl’s carried out very nicely in skincare. The Division consolidated its management in fragrances, pushed by the power of established icons like Libre by Yves Saint Laurent and by promising launches like Alien Goddess by Mugler and Luna Rossa Ocean by Prada. In a much less dynamic make-up market, efficiency was pushed by Lancôme and Shu Uemura.
The Division strengthened its place throughout all Zones, recording important market share good points in North Asia and wonderful efficiency in Europe. Following the reorganisation of its distribution community in North America, gross sales are once more accelerating on this Zone.
On the finish of the yr, L’Oréal Luxe finalised the acquisition of Youth to the Individuals.

ACTIVE COSMETICS

The Energetic Cosmetics Division ended the yr with distinctive development at +31.8% like-for-like and +30.3% reported.
The Division considerably outperformed a booming dermocosmetics market in 2021, with well being having turn into a core concern for customers. It strengthened an already stable relationship with healthcare professionals and confirmed its management in dermocosmetic suggestions.
Energetic Cosmetics posted robust development throughout all Zones, with distinctive efficiency in North America and North Asia. Offline gross sales noticed a return to robust double-digit development and on-line gross sales have been exceptionally buoyant, exceeding one billion euros.
The Division’s main manufacturers reported vigorous development. La Roche–Posay greater than doubled its development fee in contrast with 2020, because of leading edge improvements akin to Effaclar serum and Lipikar EczemaMED, which is revolutionising the therapy of eczema. Vichy strengthened its management in anti-aging in Europe, significantly in skincare for menopausal ladies, whereas accelerating in Latin America and North America. Pores and skinCeuticals continued to assemble momentum, with the success of Silymarin CF confirming its antioxidant experience. CeraVe noticed spectacular development for the second yr operating, in each america and the remainder of the world.

Abstract by geographic Zone

EUROPE

The Zone ended the yr up +10.1% like-for-like and +10.7% reported, and is sort of again to its 2019 stage like-for-like.
The sweetness market recovered throughout Europe in 2021 however remained beneath 2019 ranges. L’Oréal considerably outperformed the European market, pushed by a brand new surge in its on-line gross sales and digital management. The Group strengthened its place within the overwhelming majority of nations, significantly the UK, Germany, France, Russia and the Scandinavian nations. It additionally gained market share in all its strategic classes: skincare, haircare, make-up and fragrances.
Energetic Cosmetics delivered significantly dynamic development, pushed by the continued success of CeraVe and La Roche-Posay. Regardless of the closure of salons in a number of nations initially of the yr, the Skilled Merchandise Division returned to considerably greater efficiency ranges than in 2019, because of eager curiosity in its total catalogue and the success of Kérastase and L’Oréal Professionnel improvements. L’Oréal Luxe confirmed its management in fragrances, with wonderful begins for Alien Goddess by Mugler and Luna Rossa Ocean by Prada, and the strengthening of mainstays like La Vie Est Belle by Lancôme and Libre by Yves Saint Laurent. The Client Merchandise Division in the meantime continued to achieve market share in make-up.

NORTH AMERICA

The Zone ended the yr at +22.2% like-for-like and +18.1% primarily based on reported figures.
In a yr nonetheless impacted by the pandemic and provide chain pressures, the Zone recorded market share good points in all Divisions and continued to develop each on-line and offline, as brick-and-mortar shops reopened. The robust launch plan helped win over customers and safe their loyalty.
Because of the success of breakthrough improvements akin to Maybelline Sky Excessive mascara and Infallible powder by L’Oréal Paris, the Client Merchandise Division reported development over two years within the make-up class. Following the reorganisation of its distribution community, L’Oréal Luxe freed up assets permitting it to speed up development, with extremely profitable launches within the fragrances class, together with Ralph’s Membership by Ralph Lauren and Luna Rossa Ocean by Prada. The Skilled Merchandise Division noticed super development, led by SalonCentric. Redken was a standout model, pushed by the launch of Acidic Bonding Focus. The Energetic Cosmetics Division recorded spectacular development; CeraVe confirmed its place as essentially the most really useful skincare model.

NORTH ASIA

The Zone ended the yr at +17.6% like-for-like and +18.6% reported.
L’Oréal considerably strengthened its place throughout all Divisions and had a very good yr, regardless of public well being restrictions and their opposed impact on footfall.
Within the Zone, L’Oréal Luxe continued to achieve market share, with the success of premium skincare Lancôme Absolue and Helena Rubinstein, and powerful efficiency of Yves Saint Laurent and Shu Uemura. Kérastase was the expansion driver of the Skilled Merchandise Division. Energetic Cosmetics development continued, fueled by La Roche-Posay and Pores and skinCeuticals. With a exceptional acceleration of its premium haircare vary, L’Oréal Paris boosted the efficiency of the Client Merchandise Division.
In mainland China, L’Oréal reported robust double-digit development in 2021, twice that of the sweetness market. Within the fourth quarter, regardless of a slowdown in comparison with a really excessive base in 2020, the sweetness market remained way more buoyant than in 2019. Within the final quarter, L’Oréal China achieved like-for-like development of greater than 50% in contrast with 2019. In the course of the Double 11 competition on Tmall, L’Oréal broke all data and reported additional market share good points, confirming its manufacturers’ attraction to Chinese language customers. The enduring client occasion established L’Oréal Paris and Lancôme as the sweetness market No.1 and No.3; Yves Saint Laurent took the highest slot in make-up, whereas Kérastase led the sector in haircare. Profitable the Finest Innovation award from ByteDance (TikTok) demonstrates L’Oréal China’s edge by way of digital activation and model constructing.
Journey Retail additionally continued to develop nicely because of its booming enterprise in Hainan, whereas sustaining the attraction of Group manufacturers.

SAPMENA – SSA ⁸

The Zone grew by +13.9% like-for-like and +10.0% primarily based on reported figures.

In SAPMENA, in a unstable context associated to the resurgence of the pandemic, e-commerce accelerated. In South-East Asia, L’Oréal noticed a return to pre-Covid ranges within the fourth quarter, with Vietnam attaining exceptional efficiency, boosted by the web gross sales increase. The Pacific nations recovered because of the plans put in place to stimulate demand. India and Pakistan continued to ship stable efficiency. The Gulf area, internet hosting the World Expo in Dubai, maintained development momentum.
The Client Merchandise Division recorded good efficiency, because of Garnier’s haircare strains and the gradual restoration of Maybelline New York. L’Oréal Luxe reported distinctive efficiency in fragrances, with Yves Saint Laurent and Armani. Progress for the Skilled Merchandise Division was pushed by Kérastase. The Energetic Cosmetics Division continued to ship dynamic development in skincare, powered by La Roche-Posay and CeraVe.
The SSA Zone skilled dynamic development over the yr. The Energetic Cosmetics Division recorded exceptional efficiency, because of the distinctive dynamism of La Roche–Posay. L’Oréal Luxe achieved robust market share good points in fragrances in South Africa. The Client Merchandise Division noticed very robust efficiency from Darkish & Beautiful and Good & Beautiful, in addition to Maybelline New York.

LATIN AMERICA

In 2021, the Zone posted robust development: +20.6% like-for-like and +20.6% reported.
Distribution channels have been absolutely open within the second half of the yr, following the momentary retailer closures within the first half. Though malls {and professional} salons skilled decrease footfall all year long, the sweetness market nonetheless reported robust development.
In opposition to this backdrop, L’Oréal achieved important market share good points, with exceptional efficiency in Mexico, Brazil and Chile. Progress was pushed by e-commerce and offline gross sales: the Group’s manufacturers welcomed customers returning to shops with focused activation, whereas persevering with their digital engagement and on-line activation, leveraging key on-line occasions akin to Buen Fin and Black Friday.
Main classes posted robust development, pushed by the launch of superior improvements in addition to the success of iconic manufacturers and merchandise, most notably in haircare, skincare and fragrances. L’Oréal Paris elevated its market share good points in Brazil, Mexico and Chile, because of the extremely profitable launch of Elsève Hidra Hialurônico and the activation of Revitalift. La Roche-Posay posted important market share good points; persevering with to develop quickly, CeraVe greater than doubled its gross sales within the Zone.

⁎⁎⁎

IMPORTANT EVENTS DURING THE PERIOD 1/10/21 TO 31/12/21 AND POST-CLOSING EVENTS

• On 26 October, L’Oréal gained the “Parité du Prime 100” Particular Award given on the eighth version of the Awards for the Feminisation of the Governing Our bodies of SBF120 corporations, introduced by the French Ministry for Gender Equality, Variety and Equal Alternatives.
• Additionally on 26 October, L’Oréal introduced the launch of the largest ever perfume disclosure mannequin, to strengthen its dedication to transparency and allow customers to make extra knowledgeable buy choices. To develop the brand new software, L’Oréal labored hand in hand with 4 worldwide leaders in perfume creation: Firmenich, Givaudan, IFF and Mane.
• On 3 November, L’Oréal acquired HRH The Prince of Wales’s Terra Carta 2021 Seal, which recognises international corporations driving innovation and demonstrating their dedication to, and momentum in the direction of, the creation of genuinely sustainable markets.
• On 16 November, L’Oréal Water Saver was named a prime innovation of 2021 by TIME Journal. Developed in partnership with environmental innovation firm Gjosa, the L’Oréal Water Saver is a one-of-a type showerhead that may cut back water consumption by as a lot as 65%. Equipping 100,000 salons with this expertise may doubtlessly save as much as 6.8 billion litres of water.
• On 7 December, L’Oréal was recognised for management in company sustainability by international environmental non-profit CDP. L’Oréal is the one firm on the earth to have been awarded an
  AAA rating by CDP six years in a row, protecting the organisation’s three areas of focus: local weather change, water safety and forest conservation.
• On 13 December, L’Oréal was recognised by S&P for its excellent sustainability efficiency, receiving a rating of 85 out of 100, one of many world’s highest Environmental, Social & Governance (ESG) rankings.
• On 29 December, L’Oréal accomplished its acquisition of Youth to the Individuals, an American firm primarily based in California that develops high-performance skincare merchandise, recognized for his or her revolutionary, science-based formulation combining premium vegan superfood extracts.
• On 3 January 2022, at CES 2022, L’Oréal unveiled its newest Magnificence Tech improvements to reinvent your entire hair-colouring class. Colorsonic and Coloright are user-design breakthroughs set to remodel the at-home and in-salon expertise for customers and professionals.
• On 20 January 2022, L’Oréal and Verily, an Alphabet precision well being firm, introduced an unique magnificence partnership to advance pores and skin well being. The primary-of-its type partnership within the magnificence business is anticipated to ivolve two programmes aimed toward higher understanding and characterising pores and skin and hair ageing mechanisms. It should additionally inform L’Oréal’s precision Magnificence Tech technique and product growth.
• On 26 January 2022, L’Oréal was recognised by Bloomberg Gender-Equality Index 2022 for the 5^th consecutive yr, for having efficiently created an inclusive and equal work atmosphere. This reference index measures gender equality throughout 5 pillars: feminine management & expertise pipeline, equal pay & gender pay parity, inclusive tradition, anti-sexual harassment insurance policies, in addition to pro-women model.
• On 9 February 2022, the Board of Administrators of L’Oréal cancelled the 22,260,000 L’Oréal shares repurchased from Nestlé, in accordance with the Board’s choices on 7 December 2021, efficient as of 10 February 2022. As of 10 February 2022, L’Oréal’s capital will likely be fashioned by 535,412,372 shares with equal voting rights.

2021 RESULTS
Audited monetary statements, certification in progress.

Working profitability at 19.1% of gross sales

Consolidated revenue and loss accounts: from gross sales to working revenue.

Gross revenue, at 23,854 million euros, got here out at 73.9% of gross sales, in contrast with 73.1% in 2020, an enchancment of 80 foundation factors.

Analysis & Innovation bills, at 3.2% of gross sales, exceed one billion euros.

Promoting and promotion bills elevated by 190 foundation factors, at 32.8% of gross sales.

Promoting, basic and administrative bills, at 18.8% of gross sales, decreased by 130 foundation factors.

Total, working revenue elevated by 18.3% to six,160 million euros, and amounted to 19.1% of gross sales, an enchancment of fifty foundation factors.

Working revenue by Division

The profitability of the Skilled Merchandise Division got here out at 21.3% in 2021, an enchancment of 250 foundation factors.

The profitability of the Client Merchandise Division, at 20.2%, decreased by 20 foundation factors.

The profitability of L’Oréal Luxe improved by 40 foundation factors, at 22.8%.

The profitability of the Energetic Cosmetics Division got here out at 25.2%, a lower of 20 foundation factors.

Non-allocated bills amounted to 919.4 million euros.

Net revenue

Consolidated revenue and loss accounts: from working revenue to web revenue excluding non-recurring objects.

Web finance prices amounted to 59 million euros.

Sanofi dividends amounted to 378 million euros.

Earnings tax excluding non-recurrent objects amounted to 1,535 million euros, representing a tax fee of 23.7%.

Web revenue excluding non-recurring objects after non-controlling pursuits amounted to 4,938 million euros.

Earnings per share ¹⁰, at 8.82 euros, elevated by 20.9%.

Non-recurring objects after non-controlling pursuits ¹¹ amounted to 341.4 million euros web of tax.

Web revenue after non-controlling pursuits got here out at 4,597 million euros, rising by 29.0%.

Money move assertion, Stability sheet and Money place

Gross money move amounted to six,640 million euros, a rise of 16%.

The working capital requirement decreased by 88 million euros.

At 1,075 million euros, investments represented 3.3% of gross sales.

Web money move ¹² at 5,653 million euros, elevated by 3.1%.

The steadiness sheet stays stable, with shareholders’ fairness amounting to 23.6 billion euros. On 7 December 2021, L’Oréal repurchased from Nestlé 22,260,000 of its personal shares. On the finish of December 2021, the online debt of the Group amounted to three,586 million euros, together with 1,670 million euros of finance lease liabilities.

 Proposed dividend on the Annual Basic Assembly of 21 April 2022

The Board of Administrators has determined to suggest to the shareholders’ Annual Basic Assembly of 21 April 2022 a dividend of 4.80 euros per share, a rise of +20.0% in contrast with the dividend paid in 2021. The dividend will likely be paid on 29 April 2022 (ex-dividend date 27 April at 0:00 a.m., Paris time).

Share capital

At 31 December 2021, the capital of the corporate is fashioned by 557,672,360 shares. As of 10 February 2022, the capital will likely be fashioned by 535,412,372 shares, every with one voting proper.

“This information launch doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase L’Oréal shares. Should you want to get hold of extra complete details about L’Oréal, please seek advice from the general public paperwork registered in France with the Autorité des Marchés Financiers, additionally obtainable in English on our Web website www.loreal-finance.com.

This information launch could comprise some forward-looking statements. Though the Firm considers that these statements are primarily based on cheap hypotheses on the date of publication of this launch, they’re by their nature topic to dangers and uncertainties which may trigger precise outcomes to vary materially from these indicated or projected in these statements.”

It is a free translation into English of the 2021 Annual Outcomes information launch issued within the French language and is offered solely for the comfort of English-speaking readers. In case of discrepancy, the French model prevails.

About L’Oréal

For over 100 years, L’Oréal the world’s main magnificence participant, has devoted itself to at least one factor solely: fulfilling the sweetness aspirations of customers all over the world.  Our goal – to create the sweetness that strikes the world – defines our strategy to magnificence as inclusive, moral, beneficiant and dedicated to social and environmental sustainability.  With our broad portfolio of 35 worldwide manufacturers and impressive sustainability commitments in our L’Oréal For The Future programme, we provide every and each particular person all over the world the very best by way of high quality, efficacy, security, sincerity and accountability, whereas celebrating magnificence in its infinite plurality.

With 85,400 dedicated workers, a balanced geographical footprint and gross sales throughout all distribution networks
(e-commerce, mass market, department shops, pharmacies, hair salons, branded and journey retail) in 2021 the Group generated gross sales amounting to 32.28 billion euros.  With 20 analysis facilities throughout 11 nations all over the world,
a devoted Analysis and Innovation crew of 4 000 scientists and over 3,000 tech professionals, L’Oréal is targeted on inventing the way forward for magnificence and turning into a Magnificence Tech powerhouse.

Extra data on https://www.loreal.com/en/mediaroom

L’ORÉAL CONTACTS

For extra data, please contact your financial institution, dealer or monetary establishment (I.S.I.N. code: FR0000120321), and seek the advice of your standard newspapers, the Web website for shareholders and traders, www.loreal-finance.com or the L’Oréal Finance app, alternatively, name +33 1 40 14 80 50.

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Appendices

Appendix 1: L’Oréal group gross sales 2020/2021 (€ million)

Appendix 2: In contrast consolidated revenue statements

Appendix 3: Consolidated assertion of complete revenue

(1)  The tax impact is as follows:

Appendix 4: In contrast consolidated steadiness sheets

ASSETS

EQUITY & LIABILITIES

Appendix 5: Consolidated statements of adjustments in fairness

(1)  After taking account of the change in accounting coverage pertaining to IFRS 15 “Income from Contracts with Prospects”.

⁽²⁾ Of which €102.2 million pertaining to the IFRIC 2021 interpretation on IAS19 “Worker Advantages” on Attributing Profit to Intervals of Service.

Appendix 6: In contrast consolidated statements of money flows

1 Like-for-like: primarily based on a comparable construction and an identical change charges.
2 Diluted earnings per share, primarily based on web revenue, excluding non-recurring objects, after non-controlling pursuits.
3 Proposed on the Annual Basic Assembly of two1 April 2022.
4 SAPMENA – SSA: South Asia Pacific, Center East, North Africa, Sub-Saharan Africa

5 Gross sales on our manufacturers’ personal web sites + estimated gross sales by our manufacturers by way of retailer web sites (non-audited knowledge).
6 Like-for-like: primarily based on a comparable construction and an identical change charges. 
7 SAPMENA – SSA: South Asia Pacific, Center East, North Africa, Sub-Saharan Africa 
8 SAPMENA – SSA: South Asia Pacific, Center East, North Africa, Sub-Saharan Africa 

9 Non-allocated = Central Group bills, basic analysis bills, free grant of shares bills and miscellaneous objects. 
10 Diluted earnings per share, primarily based on web revenue, excluding non-recurring objects, after non-controlling pursuits.
11 Non-recurring objects embrace impairment of property, web revenue of discontinued operations, restructuring prices and tax results of non-recurring objects.
12 Web money move = Gross money move + adjustments in working capital – capital expenditure.

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