L'Oreal's 2022 sales totaled 38.26 billion euros, a gain of 18.5% as reported, and 10.9% like-for-like (based on a comparable scope of consolidation and identical exchange rates). This represents a 23.4% sales increase compared to pre-pandemic 2019.
At the same time, operating margin totaled 19.5% (an increase of 40 basis points), with operating profit totaling 7,456.9 million euros.
The company now generates 28% of sales in e-commerce.
- Professional products fourth quarter sales totaled 1,218.6 million euros, a 15% year-over-year gain (as reported), while full year sales totaled 4,476.8 million euros, representing a growth rate of 18.3%.
- Consumer products fourth quarter sales totaled 3,678.6 million euros, an 11.8% year-over-year gain, while full-year sales totaled 14,021.3 million euros, representing a growth rate of 14.6%.
- L’Oréal luxe Q4 sales totaled 4,154.2 million, representing growth of 10.7%, while full-year sales totaled 14,638.1 million euros, representing a growth rate of 18.6%.
- Finally, active cosmetics Q4 sales totaled 1,267.7 million euros, a gain of 28.0% year-over-year, while full-year sales totaled 5,124.5 million euros, representing a growth rate of 30.6%.
“We achieved a remarkable performance this year, thanks to our innovation leadership, our highly desirable brands, our operational agility and the tremendous commitment of our teams," said Nicolas Hieronimus, CEO of L'Oréal. "Comparable growth vs. 2019 accelerated quarter after quarter and reached +23% over the full year. Our balanced growth across divisions and regions once again demonstrates the relevance of our multipolar model: strategically centralized and operationally decentralized with a strong entrepreneurial mindset, this model is ideally suited to the current environment. We have emerged stronger from 2022 and reinforced our position as the world’s leading beauty company. These high-quality results allow us to consistently support our social and environmental commitments, in line with our dual ambition of economic and corporate performance. Mindful of the current uncertainties, we remain ambitious for the future, optimistic about the outlook for the beauty market, and confident in our ability to keep outperforming the market and achieve in 2023 another year of growth in sales and profits.”