2021 performance
In Fiscal 2021, L’Oreal’s sales reached €32.3 billion, recording growth of 15.3% compared to the previous year. €9.3 billion sales were made via e-commerce channels, which grew 25.7% compared to the previous year and accounted for 28.9% of consolidated sales. Company operating profit grew 18.3% year-over-year to €6.1 billion, a company record representing an operating margin of 19.1%. Strong growth occurred across all company divisions and geographies, with exception growth posted by the active cosmetics division, where sales increased 31.8% to €3.9 billion due to rising interest in dermocosmetics among consumers.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.