L'Oréal Annual Report 2023 | L'Oréal Finance

No.1 in beauty worldwide
L’Oréal is the world leader in beauty — the sole focus of our expertise and passion for the past 115 years. In 2023, we achieved a record performance, harnessing our powerful ability to innovate and adapt while capitalising on the incredible engagement of our employees around the globe. The Group continues to transform itself as we shape the future of beauty to make it even more personalised, inclusive and sustainable, enhanced by Green Sciences and technology.
A deep dive into beauty
Beauty is L’Oréal’s unique vocation, expression and purpose. Take two minutes to discover our world through the key figures and achievements of 2023.
Another year of profitable, sustainable growth
L’Oréal outperformed the extremely dynamic global beauty market in 2023 with our strongest growth in over two decades (excluding 2021, post-Covid year). These record results give us the means to advance our corporate, social and environmental commitments.
2023: a great vintage for our 4 Divisions
2023 once again proved the strength of our multipolar model: we leveraged complementary growth drivers across the Group’s Regions, Categories and Divisions while enshrining our expertise in the most powerful brand portfolio in the industry.
Continuously shaping the future of beauty
Beauty born from science
Discover how our Research & Innovation teams push the boundaries of science to make beauty increasingly effective, sustainable, inclusive and personalised.
Beauty Tech champion
Discover how we harness science and technology to craft unmatched beauty experiences with unprecedented levels of personalisation.
Culture and Human relations
Discover how the engagement of 90,000+ employees is key to our performance and our ability to shape the future of beauty.
A responsive and responsible supply chain
Discover the strength and agility of our Operations teams, who continue to raise the bar on responsibility and innovation in everything from design and manufacturing to product delivery.
Towards a more sustainable model
Discover how we are ramping up our transition towards a more sustainable, responsible and inclusive model.
Outlook
2023 was a record year thanks to the creativity, energy and passion of our employees around the world. This performance proves the excellence of our business model. As L’Oréal celebrates 115 years, the Group can look forward with confidence as we continue to transform and invent the future of beauty, one that is more personalised, more inclusive and more sustainable, enhanced by technology.
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