(Tiper Stock Exchange) – L’Orealthe world leader in cosmetics, has registered sales amounting to 38.26 billion euros in 2022up 18.5% year-over-year (+10.9% like for like) and up (on a comparable basis) 23.4% year-over-year. The company also posted a strong improvement of the operating margin, with 19.5% (+40 bps). The Operating income amounted to 7,456.9 million euros (compared to 6,160.3 million euros in 2021). L’earning per share it was 11.26 euros, an increase of 27.6%.
“We have achieved tremendous results this year, thanks to our leadership in innovation, our highly desirable brands, our operational agility and the tremendous commitment of our teams,” commented the CEO Nicolas Hieronymus.
“Aware of the current uncertainties, we remain ambitious about the future, optimistic about the beauty market prospects and confident in our ability to continue to outperform the market and achieve another year of sales and profit growth in 2023,” he added.
The board of directors resolved to propose to the shareholders’ meeting on April 21, 2023 a dividend of 6.00 euros per share, an increase of 25% compared to the dividend paid in 2022.