Below are the financial statements of L'Oreal, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of EUR | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 43,486.8a | 41,182.5a | 38,260.6a |
| Cost of sales | -11,227a | -10,767a | -10,577.4a |
| Gross profit | 32,259.8a | 30,415.5a | 27,683.3a |
| Research & innovation expenses | -1,354.7a | -1,288.9a | -1,138.6a |
| Advertising and promotion expenses | -14,008.9a | -13,356.6a | -12,059a |
| Selling, general and administrative expenses | -8,208.7a | -7,626.7a | -7,028.8a |
| Operating profit | 8,687.5a | 8,143.3a | 7,456.9a |
| Other income and expenses | -437.7a | -449.9a | -241.5a |
| Operational profit | 8,249.8a | 7,693.4a | 7,215.4a |
| Finance costs on gross debt | -373.4a | -226.7a | -70.4a |
| Finance income on cash and cash equivalents | 148.7a | 162.1a | 69.8a |
| Finance costs, net | -224.7a | -64.6a | -0.6a |
| Other financial income and expenses | -36.7a | -48.8a | -72.3a |
| Sanofi dividends | 444.5a | 420.9a | 468.2a |
| Profit before tax and associates | 8,432.9a | 8,001a | 7,610.6a |
| Income tax | -2,015.1a | -1,810.6a | -1,899.4a |
| Share of profit in associates | -1.3a | 0.2a | 1.4a |
| Net profit | 6,416.5a | 6,190.5a | 5,712.6a |
| Attributable to | — | — | — |
| Owners of the company | 6,408.7a | 6,184a | 5,706.6a |
| Non-controlling interests | 7.8a | 6.5a | 6a |
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