(AOF) – L’Oréal’s turnover in 2023 amounts to 41.18 billion euros, up 7.6% as published. On a like-for-like basis, it grew by 11%. The group is notably achieving solid growth in Europe: 16% like-for-like and 13.7% based on published data. Its operating profit increased by 9.2% to 8.143 billion euros, and stood at 19.8% of turnover, an increase of 30 basis points. The group’s net profit came to 6.184 billion euros, an increase of 8.4%. Net profit per share at 12.08 euros is up 7.3%.
Operating cash flow stood at 6.116 billion euros, an increase of 23.9%.
Its gross margin represents 73.9% of turnover. It is up 150 basis points.
The Board of Directors has decided to propose to the general meeting of shareholders of April 23, 2024, a dividend of 6.60 euros, an increase of 10% compared to the dividend paid in 2023. This dividend will be paid on the 26 April 2024.
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