2021 UNIVERSAL REGISTRATION DOCUMENT

1. Presentation of the Group integrated report

Sales by business segment
        2020/2021 evolution
€ millions 2019 2020 2021 Like-for-like Reported figures
Skincare 10,453 11,052 12,982 17.7% 17.5%
Make-up 7,854 5,969 6,627 13.1% 11.0%
Haircare 4,461 4,254 4,880 16.7% 14.7%
Hair colourants 3,032 2,972 3,016 3.6% 1.5%
Perfumes 2,771 2,529 3,512 34.5% 38.9%
Other(1) 1,303 1,216 1,271 4.3% 4.4%
TOTAL COSMETICS SALES 29,874 27,992 32,288 16.1% 15.3%

(1) “Other” includes hygiene products, sales made by American distributors with non-Group brands.

Compared consolidated income statements
€ millions 2021 2020 2019
Net sales Net sales202132,287.6 Net sales202027,992.1 Net sales201929,873.6
Cost of sales

Cost of sales

2021

-8,433.3

Cost of sales

2020

-7,532.3

Cost of sales

2019

-8,064.7

Gross profit Gross profit202123,854.3 Gross profit202020,459.8 Gross profit201921,808.9
Research & Innovation expenses

Research & Innovation expenses

2021

-1,028.7

Research & Innovation expenses

2020

-964.4

Research & Innovation expenses

2019

-985.3

Advertising and promotion expenses

Advertising and promotion expenses

2021

-10,591.0

Advertising and promotion expenses

2020

-8,647.9

Advertising and promotion expenses

2019

-9,207.8

Selling, general and administrative expenses

Selling, general and administrative expenses

2021

-6,074.2

Selling, general and administrative expenses

2020

-5,638.5

Selling, general and administrative expenses

2019

-6,068.3

Operating profit Operating profit20216,160.3 Operating profit20205,209.0 Operating profit20195,547.5
Other income and expenses

Other income and expenses

2021

-432.0

Other income and expenses

2020

-709.0

Other income and expenses

2019

-436.5

Operational profit Operational profit20215,728.3 Operational profit20204,500.0 Operational profit20195,111.0
Finance costs on gross debt

Finance costs on gross debt

2021

-38.0

Finance costs on gross debt

2020

-79.2

Finance costs on gross debt

2019

-75.4

Finance income on cash and cash equivalents

Finance income on cash and cash equivalents

2021

18.5

Finance income on cash and cash equivalents

2020

19.8

Finance income on cash and cash equivalents

2019

28.7

Finance costs, net Finance costs, net2021-19.4 Finance costs, net2020-59.4 Finance costs, net2019-46.7
Other financial income and expenses

Other financial income and expenses

2021

-40.2

Other financial income and expenses

2020

-36.5

Other financial income and expenses

2019

-16.0

Sanofi dividends

Sanofi dividends

2021

378.3

Sanofi dividends

2020

372.4

Sanofi dividends

2019

363.0

Profit before tax and associates Profit before tax and associates20216,046.9 Profit before tax and associates20204,776.5 Profit before tax and associates20195,411.4
Income tax

Income tax

2021

-1,445.4

Income tax

2020

-1,209.8

Income tax

2019

-1,657.2

Share of profit in associates

Share of profit in associates

2021

0.6

Share of profit in associates

2020

0.9

Share of profit in associates

2019

1.0

Net profit Net profit20214,602.2 Net profit20203,567.6 Net profit20193,755.2
Attributable to:

Attributable to:

2021

 

Attributable to:

2020

 

Attributable to:

2019

 

  • owners of the company
  • owners of the company
2021

4,597.1

  • owners of the company
2020

3,563.4

  • owners of the company
2019

3,750.0

  • non-controlling interests
  • non-controlling interests
2021

5.1

  • non-controlling interests
2020

4.2

  • non-controlling interests
2019

5.2

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

Earnings per share attributable to owners of the company (

euros

)

2021

8.24

Earnings per share attributable to owners of the company (

euros

)

2020

6.37

Earnings per share attributable to owners of the company (

euros

)

2019

6.70

Diluted earnings per share attributable to owners of the company (euros)

Diluted earnings per share attributable to owners of the company (

euros

)

2021

8.21

Diluted earnings per share attributable to owners of the company (

euros

)

2020

6.34

Diluted earnings per share attributable to owners of the company (

euros

)

2019

6.66

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

Earnings per share attributable to owners of the company, excluding

non-recurring items (euros)
2021

8.86

Earnings per share attributable to owners of the company, excluding

non-recurring items (euros)
2020

7.33

Earnings per share attributable to owners of the company, excluding

non-recurring items (euros)
2019

7.78

Diluted earnings per share attributable to owners of the company, excluding non-recurring items (euros)

Diluted earnings per share attributable to owners of the company, excluding non-recurring items (

euros

)

2021

8.82

Diluted earnings per share attributable to owners of the company, excluding non-recurring items (

euros

)

2020

7.30

Diluted earnings per share attributable to owners of the company, excluding non-recurring items (

euros

)

2019

7.74

Sources and application of funds
This graph shows the sources and applications funds
Sources  
Net profit attributable to owners of the company 4,602.2
Amortisation and provisions 1,781.0
Capital gain or losses on disposals of assets, changes in deferred taxes and other 257.2
Applications  
Investments in tangible and intangible assets 1,075.2
Operating cash flow 5,653.2
Changes in working capital requirement -88
Gross cash flow: 6,640.4