2025 Universal Registration Document

1. Presentation of the Group – Integrated Report

Operating profit by Division
Operating profit by Division
  2023 2024 2025
  € millions % sales € millions % sales € millions % sales
By Division
Professional Products 1,005.3 21.6% 1,086.2 22.2% 1,180.3 22.9%
Consumer Products 3,114.7 20.5% 3,376.4 21.1% 3,443.3 21.4%
L'Oréal Luxe 3,331.8 22.3% 3,469.7 22.3% 3,488.1 22.4%
Dermatological Beauty 1,670.9 26.0% 1,832.7 26.1% 1,882.1 26.1%
TOTAL OF DIVISIONS 9,122.7 22.2% 9,765.0 22.5% 9,993.8 22.7%
Non-allocated(1) (979.4) -2.4% (1,077.5) -2.5% (1,101.8) -2.5%
GROUP 8,143.3 19.8% 8,687.5 20.0% 8,891.9 20.2%

The profitability of the Professional Products Division came out at 22.9% of sales, up 70 basis points.

The profitability of the Consumer Products Division came out at 21.4% of sales, up 30 basis points.

The profitability of the Luxe Division came out at 22.4% of sales, up 10 basis points.

The profitability of the Dermatological Beauty Division came out at 26.1%, stable compared to 2024.

Non-allocated expenses amounted to €1,101.8 million.

Sales by business segment
Sales by business segment
        Change 2024/2025
€ millions 2023 2024 2025 Like-for-like Reported
Skincare 16,447 16,804 16,384 0.40% -2.50%
Makeup 8,124 8,449 8,417 3.50% -0.40%
Haircare 6,320 7,034 7,711 12.90% 9.60%
Hair colourants 3,426 3,460 3,350 0.60% -3.20%
Perfumes 5,171 5,956 6,425 10.40% 7.90%
Other(1) 1,695 1,784 1,765 -7.30% -1.00%
TOTAL BEAUTY SALES 41,183 43,487 44,052 4.00% 1.30%