L'Oréal - 2018 Registration Document

1 Presentation of the Group Integrated report

GOOD GROWTH MOMENTUM FOR SHARED, LASTING DEVELOPMENT

Sources and application of funds

Investments in property, plant and equipment and intangible assets

3,895.4

1,416.1

Net profit attributable to owners of the company

1,109.3

Amortisation and provisions

3,875.8

Operating cash flow

Capital gain or losses on disposals of assets, changes in deferred taxes and other

Changes in working capital requirement

173.4

-113.8

Sources

Applications

Gross cash flow = 5,178.1

Financial ratios

2018 18.3%

2016

2017

(% of sales) Operating profit/Sales

17.6%

18.0%

(% of shareholders’ equity) Net profit excluding non-recurring items after non-controlling interests/Opening shareholders’ equity

15.4%

15.1

16.1%

(% of shareholders’ equity) Net gearing (1)

n/a

n/a

n/a

Gross cash flow/Investments

3.4x

3.9x

3.7x

Net gearing: Current and non-current debt – Cash and cash equivalents / Shareholders’ equity after non-controlling interests (1)

REGISTRATION DOCUMENT / L'ORÉAL 2018

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