L'oréal S.A. Reports Earnings Results for the Half Year Ended June 30, 2021
July 29, 2021 at 09:30 pm IST
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L'Oréal S.A. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was EUR 15,196.6 million compared to EUR 13,076.5 million a year ago. Operating income was EUR 2,672.8 million compared to EUR 1,950.1 million a year ago. Net income was EUR 2,362.6 million compared to EUR 1,822.5 million a year ago. Basic earnings per share from continuing operations was EUR 4.22 compared to EUR 3.26 a year ago. Diluted earnings per share from continuing operations was EUR 4.21 compared to EUR 3.25 a year ago.
L'Oréal is the world leading cosmetic group. The group offers skincare products (39.9% of sales), makeup products (19.7%), haircare products (15.4%), fragrances (12.6%), hair colouring products (8.3%) and other (4,1%). Net sales break down by family of products as follows:
- consumer cosmetics (36.9%): L'Oréal Paris, Garnier, Maybelline New York, NYX Professional Makeup, Essie Niely, Dark and Lovely, Mixa, MG and Carol's Daughter brands;
- luxury cosmetics (36.2%): Lancôme, Kiehl's, Giorgio Armani Beauty, Yves Saint Laurent Beauté, Biotherm, Helena Rubinstein, Shu Uemura, IT Cosmetics, Urban Decay, Ralph Lauren, Mugler, Viktor&Rolf, Valentino, Azzaro, Prada, Takami, A?sop, etc.;
- active cosmetics (15,6%): La Roche-Posay, Vichy, CeraVe, SkinCeuticals, Skinbetter Science, etc.;
- professional products (11,3%): L'Oréal Professionnel, Kérastase, Redken, Matrix and PureOlogy brands.
Products are marketed through mass distribution and distance selling, selective distribution, hair salons and pharmacies.
At the end of 2023, L'Oréal has 37 production sites worldwide.
Net sales are distributed geographically as follows: Europe (31.6%), North America (27%), North Asia (25.9%), Asia/Pacific/Middle East/Africa (8.4%) and Latin America (7.1%).