L’Oréal’s 2023 report shows €41.18 billion in sales, with 11% growth, driven by Dermatological Beauty and strong gains in Europe and Latin America. Net profit rose 7.1%, boosting dividends by 10%.
L’Oréal, founded in 1909 by chemist Eugène Schueller, is a global leader in beauty and cosmetics. With over a century of innovation, the company has expanded its portfolio across multiple divisions, including Professional Products, Consumer Products, L’Oréal Luxe, and Dermatological Beauty. reportsrecords.com
In 2023, L’Oréal continued its impressive growth trajectory. The company’s total sales reached €41.18 billion, marking a 7.6% increase in reported figures and an 11% rise on a like-for-like basis. The Dermatological Beauty division showed outstanding performance with a 28.4% growth, reflecting the increasing demand for skincare products globally. The European and Latin American markets also contributed to this success, with sales rising by 16% and 24.4%, respectively. L’Oréal capitalized on evolving beauty trends, especially in these regions, helping to solidify its dominance.
Despite strong results globally, L’Oréal faced challenges in North Asia, where sales declined. This region’s performance was affected by fluctuating market conditions. Nevertheless, the company maintained resilience, reinforcing its global market leadership.
L’Oréal improved its operating margin to 19.8% in 2023, driven by a strategic focus on efficiency and profitability. The company’s net profit reached €6.49 billion, a 7.1% increase from the previous year. L’Oréal’s dynamic shareholder return policy further strengthened, with dividends per share rising by 10%, showcasing its commitment to returning value to shareholders.
With strong financials and strategic growth in key markets, L’Oréal continues to shape the future of beauty, maintaining its position as an industry leader.
