L'Oreal : Presentation by Christophe Babule, Chief Financial Office (PDF 846.17 KB)

2022 half-year results

29 July 2022

Christophe BABULE

Chief Financial Officer

Consolidated sales

	€18.36Bn
€15.19Bn
H1-2021	H1-2022

Reported growth	+20.9%
of which:
 currency impact	+7.0%
Growth at constant exchange rates	+13.9%
 change in the scope of consolidation	+0.4%
Like-for-like growth	+13.5%

	+13.5%*				+13.4%*
in the first quarter		in the second quarter

* like-for-like	2	29 July 2022
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Changes in exchange rates

(against the euro)

	Weight in	Average rate	Average rate	% change
	H1-2022 sales	H1-2021	H1-2022	H1-22 vs. H1-21
Euro	19.1%
US dollar (€1= )	23.6%	1.205	1.092	+10.3%
Chinese yuan	19.4%	0.128	0.141	+10.1%
Sterling pound	3.6%	1.151	1.187	+3.1%
Canadian dollar	2.4%	0.665	0.719	+8.2%
Russian rouble	2.0%	0.011	0.012	+10.6%
Brazilian real	2.0%	0.154	0.180	+17.3%
Mexican peso	1.6%	0.041	0.045	+9.8%
Australian dollar	1.3%	0.640	0.658	+2.9%
Japanese yen (1000)	1.3%	7.706	7.455	-3.2%

3	29 July 2022
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Consolidated sales by division

(in million euros)

							% Growth
							At constant
	H1-2021	H1-2022	Like-for-like	exchange	Reported
							rates
Professional Products	1	778.7	2	163.8		+14.3%	+14.6%	+21.7%
Consumer Products	5	963.4	6	794.3		+8.0%	+8.2%	+13.9%
L'Oréal Luxe	5	472.2	6	871.6		+16.4%	+17.0%	+25.6%
Active Cosmetics	1	982.4	2	536.6		+20.9%	+21.4%	+28.0%
Total	15	196.6	18	366.3		+13.5%	+13.9%	+20.9%

4	29 July 2022
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Consolidated sales by region

(in million euros)

					% Growth
	H1-2021	H1-2022	Like-for-like	Reported
Europe	4	857.1	5	567.2	+14.3%	+14.6%
North America	3	765.7	4	650.4	+11.6%	+23.5%
North Asia	4	670.9	5	620.1	+10.5%	+20.3%
SAPMENA - SSA *	1	093.9	1	403.4	+23.0%	+28.3%
Latin America		809.0	1	125.3	+22.3%	+39.1%
Total	15	196.6	18	366.3	+13.5%	+20.9%

* South Asia Pacific, Middle-East, North Africa - Sub-Saharan Africa

5	29 July 2022
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