L'Oréal - 2018 Registration Document

4 2018 Consolidated Financial Statements NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Net profit attributable to owners of the company (€ million)

Earnings per share attributable to owners of the company (€)

2016

Number of shares

Earnings per share

3,105.8

559,190,339

5.55

Stock options Free shares

- -

2,677,722 2,641,074

- -

DILUTED EARNINGS PER SHARE

3,105.8

564,509,135

5.50

Earnings per share from continuing operations excluding non-recurring items 11.4.3. The tables below set out in detail earnings per share from continuing operations attributable to owners of the company excluding non-recurring items (excluding the dilutive impact of shares carrying preferential dividend rights, note 11.4.5.):

Net profit attributable to owners of the company excluding non-recurring items (€ million)

Earnings per share attributable to owners of the company excluding non-recurring items (€)

Number of shares 559,603,188

2018

Earnings per share excluding non-recurring items

3,987.6

7.13

Stock options Free shares

- -

1,155,173 2,340,145

- -

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

3,987.6

563,098,506

7.08

Net profit attributable to owners of the company excluding non-recurring items (€ million)

Earnings per share attributable to owners of the company excluding non-recurring items (€)

2017

Number of shares

Earnings per share excluding non-recurring items

3,748.7

559,233,644

6.70

Stock options Free shares

- -

1,792,615 2,502,243

- -

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

3,748.7

563,528,502

6.65

Net profit attributable to owners of the company excluding non-recurring items (€ million)

Earnings per share attributable to owners of the company excluding non-recurring items (€)

2016

Number of shares

Earnings per share excluding non-recurring items

3,619.6

559,190,339

6.47

Stock options Free shares

- -

2,677,722 2,641,074

- -

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

3,619.6

564,509,135

6.41

Calculation of the number of shares 11.4.4. All potential ordinary shares are included in the calculation of earnings per share since all stock option plans have a dilutive impact on the periods presented.

Diluted earnings per share including 11.4.5. the impact of shares carrying preferential dividend rights The table below shows the calculation of diluted earnings per share taking into account the 10% preferential dividend payable for 2018 on shares held continuously in registered form between 31 December 2016 and the 2019 dividend payment date. The number of shares eligible for the preferential dividend cannot exceed 0.5% of the share capital for any one shareholder.

REGISTRATION DOCUMENT / L'ORÉAL 2018

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