Loreal 2011 Annual Report Download - page 72

70 REGISTRATION DOCUMENT − L’ORÉAL 2011
3Comments on the2011 nancialyear
The Group's business activities in 2011
3.1 .1. Overview of
the results for2011
2011 sales: 20.34 billion euros (+4.3% based on
reported figures, +5.1% like-for-like)
Operating profit: +7.7%
Net earnings per share(1)
: +7.8 %
Increase in dividend: +11% at €2.00 per share(2)
3.1 .2. Consolidated net sales
Like-for-like, i.e. based on a comparable structure and identical
exchange rates, the sales trend of the L’Oréal Group was
+5.1%. The net impact of changes in consolidation amounted
to +0.6%. Currency fluctuations had a negative impact of
-1.4%. Growth at constant exchange rates was +5.7%. Based
on reported figures, the Group’s sales, at December31st, 2011,
amounted to 20.343 billion euros, an increase of +4.3%.
Sales by operational division and by geographic zone
At December 31st, 2011
€ M
Growth
Like-for-like Reported
By operational division
Professional Products 2,813.8 2.5% 3.6%
Consumer Products 9,835.2 4.5% 3.2%
L’Oréal Luxury 4,800.1 8.2% 6.5%
Active Cosmetics 1,421.7 3.2% 2.6%
Cosmetics total 18,870.8 5.0% 4.0%
By geographic zone
Western Europe 7,246.6 0.6% 0.9%
North America 4,406.2 5.5% 2.7%
New Markets, of which : 7,218.0 9.5% 8.3%
-Asia, Pacific 3,619.5 13.0% 13.4%
-Eastern Europe 1,336.9 - 2.8% - 4.4%
-Latin America 1,680.9 13.2% 10.8%
-Africa, Middle-East 580 7 10.5% 4.1%
Cosmetics total 18,870.8 5.0% 4.0%
The Body Shop 767. 6 4. 2% 1. 7%
Dermatology(3) 704. 7 8. 4% 17. 1%
Group total 20,343.1 5.1% 4.3%
(1) Diluted net earnings per share based on net profit excluding non-recurring items attributable to the g roup.
(2) Proposed at the Annual General Meeting of April17th, 2012.
(3) Group share, i.e. 50%.
3.1 . The Group's business activities in 2011
2011 was a solid year of development, which has made the G roup even stronger. In a cosmetics market whose global trend
was favourable, L'Oréal achieved sustained sales growth and confi rmed its position as the world leader in beauty.
This year was also for the Group another year of solid construction for operating profi t. The strong growth in results refl ects
the virtuous dynamics set in motion: operational effi ciency has advanced in all fi elds of activity, enabling us to prepare well
for the future, and the profi tability of the New Markets zone increased substantially.