2025 Universal Registration Document

5. 2025 Consolidated Financial Statements

€ millions 

2024

31.12.2023 Change in the scope of consolidation Other movements Translation difference 31.12.2024
Redken/PureOlogy

Redken/PureOlogy

31.12.2023

698.4

Redken/PureOlogy

Change in the scope of consolidation

4.9

Redken/PureOlogy

Other movements

 

Redken/PureOlogy

Translation difference

33.2

Redken/PureOlogy

31.12.2024

736.5

L'Oréal Professionnel/Kérastase

L'Oréal Professionnel/Kérastase

31.12.2023

422.4

L'Oréal Professionnel/Kérastase

Change in the scope of consolidation

14.6

L'Oréal Professionnel/Kérastase

Other movements

 

L'Oréal Professionnel/Kérastase

Translation difference

12.7

L'Oréal Professionnel/Kérastase

31.12.2024

449.7

Matrix

Matrix

31.12.2023

416.5

Matrix

Change in the scope of consolidation

 

Matrix

Other movements

 

Matrix

Translation difference

22.3

Matrix

31.12.2024

438.9

Professional Products Total Professional Products Total

31.12.2023

1,537.4
Professional Products Total

Change in the scope of consolidation

19.5
Professional Products Total

Other movements

Professional Products Total

Translation difference

68.2
Professional Products Total

31.12.2024

1,625.1
Maybelline and other Makeup brands

Maybelline and other Makeup brands

31.12.2023

1,777.0

Maybelline and other Makeup brands

Change in the scope of consolidation

 

Maybelline and other Makeup brands

Other movements

5.6

Maybelline and other Makeup brands

Translation difference

45.4

Maybelline and other Makeup brands

31.12.2024

1,828.0

L'Oréal Paris and other Premium brands

L'Oréal Paris and other Premium brands

31.12.2023

1,180.4

L'Oréal Paris and other Premium brands

Change in the scope of consolidation

 

L'Oréal Paris and other Premium brands

Other movements

14.5

L'Oréal Paris and other Premium brands

Translation difference

14.5

L'Oréal Paris and other Premium brands

31.12.2024

1,209.4

Garnier and other Access brands

Garnier and other Access brands

31.12.2023

935.2

Garnier and other Access brands

Change in the scope of consolidation

 

Garnier and other Access brands

Other movements

(44.2)

Garnier and other Access brands

Translation difference

(3.0)

Garnier and other Access brands

31.12.2024

888.0

Consumer Products Total Consumer Products Total

31.12.2023

3,892.6
Consumer Products Total

Change in the scope of consolidation

Consumer Products Total

Other movements

(24.1)
Consumer Products Total

Translation difference

56.9
Consumer Products Total

31.12.2024

3,925.4
Retail Skincare(1)

Retail Skincare

(1)

31.12.2023

1,751.6

Retail Skincare

(1)

Change in the scope of consolidation

 

Retail Skincare

(1)

Other movements

102.0

Retail Skincare

(1)

Translation difference

(50.3)

Retail Skincare

(1)

31.12.2024

1,803.3

Perfumes

Perfumes

31.12.2023

1,471.8

Perfumes

Change in the scope of consolidation

 

Perfumes

Other movements

 

Perfumes

Translation difference

2.0

Perfumes

31.12.2024

1,473.8

Lancôme

Lancôme

31.12.2023

831.4

Lancôme

Change in the scope of consolidation

 

Lancôme

Other movements

20.3

Lancôme

Translation difference

3.6

Lancôme

31.12.2024

855.3

Skincare(2)

Skincare

(2)

31.12.2023

623.5

Skincare

(2)

Change in the scope of consolidation

 

Skincare

(2)

Other movements

 

Skincare

(2)

Translation difference

6.6

Skincare

(2)

31.12.2024

630.2

Makeup(3)

Makeup

(3)

31.12.2023

547.9

Makeup

(3)

Change in the scope of consolidation

 

Makeup

(3)

Other movements

 

Makeup

(3)

Translation difference

16.4

Makeup

(3)

31.12.2024

564.2

YSL Beauté

YSL Beauté

31.12.2023

536.2

YSL Beauté

Change in the scope of consolidation

 

YSL Beauté

Other movements

 

YSL Beauté

Translation difference

0.5

YSL Beauté

31.12.2024

536.7

Luxe Total Luxe Total

31.12.2023

5,762.4
Luxe Total

Change in the scope of consolidation

Luxe Total

Other movements

122.3
Luxe Total

Translation difference

(21.3)
Luxe Total

31.12.2024

5,863.4
SkinCeuticals/Skinbetter Science

SkinCeuticals/Skinbetter Science

31.12.2023

727.9

SkinCeuticals/Skinbetter Science

Change in the scope of consolidation

35.1

SkinCeuticals/Skinbetter Science

Other movements

 

SkinCeuticals/Skinbetter Science

Translation difference

31.6

SkinCeuticals/Skinbetter Science

31.12.2024

794.6

CeraVe

CeraVe

31.12.2023

639.6

CeraVe

Change in the scope of consolidation

 

CeraVe

Other movements

 

CeraVe

Translation difference

21.1

CeraVe

31.12.2024

660.7

Vichy

Vichy

31.12.2023

322.4

Vichy

Change in the scope of consolidation

 

Vichy

Other movements

 

Vichy

Translation difference

6.3

Vichy

31.12.2024

328.7

La Roche-Posay

La Roche-Posay

31.12.2023

169.6

La Roche-Posay

Change in the scope of consolidation

 

La Roche-Posay

Other movements

10.1

La Roche-Posay

Translation difference

4.2

La Roche-Posay

31.12.2024

184.0

Dermatological Beauty Total Dermatological Beauty Total

31.12.2023

1,859.5
Dermatological Beauty Total

Change in the scope of consolidation

35.1
Dermatological Beauty Total

Other movements

10.1
Dermatological Beauty Total

Translation difference

63.3
Dermatological Beauty Total

31.12.2024

1,968.1
Lactobio(4)

Lactobio

(4)

31.12.2023

50.7

Lactobio

(4)

Change in the scope of consolidation

 

Lactobio

(4)

Other movements

(50.7)

Lactobio

(4)

Translation difference

 

Lactobio

(4)

31.12.2024

GROUP TOTAL

GROUP TOTAL

31.12.2023

13,102.6

GROUP TOTAL

Change in the scope of consolidation

54.6

GROUP TOTAL

Other movements

57.7

GROUP TOTAL

Translation difference

167.1

GROUP TOTAL

31.12.2024

13,382.0

The CGUs of the Luxe division were subject to a reallocation in connection with the reorganisation initiated in 2024 of the operating model focused on categories and the associated go to market. The 2023 and prior data have been restated to reflect this new organisation.

2024 acquisitions mainly relate to YesSkin for €35.1 million (purchase price allocation not yet finalised) and Gjosa for €14.6 million.

Other movements mainly include the impairment loss (€48.4 million) on Multicultural Brands and the definitive allocation of the goodwill of Aēsop and Lactobio.

The accumulated impairment losses related Makeup CGU (IT Cosmetics), Garnier and other Access brands (Multicultural Brands and Magic) and Lancôme (Yue Sai) amounted to -€547.9 million, -€366.2 million and -€32.1 million respectively at 31 December 2024.