【环球财经】欧莱雅去年营收增1.3% 净利润下降4.4%

Core Insights - L'Oréal's financial report indicates a revenue increase for 2025, but a decline in net profit due to currency fluctuations and a special tax imposed on large enterprises in France [1] Financial Performance - For the fiscal year 2025, L'Oréal reported revenues of €44.05 billion, a year-on-year increase of 1.3%, while net profit decreased to €6.13 billion, down 4.4% [1] - The gross margin and operating margin for 2025 improved to 74.3% and 20.2%, respectively [1] - Total cash flow decreased by 2.2%, but net cash flow increased by 7.8% [1] Regional Performance - In the North Asia region, revenues reached €10.08 billion, showing a reported decline of 2.2%, but a comparable growth of 0.5% [1] - The growth in North Asia was primarily driven by strong performance in the mainland China market, with growth rates improving from low single digits to mid-single digits by the end of the period [1] - In Europe, revenues grew by 4.6% to €14.86 billion, while North American revenues decreased by 0.7% to €11.71 billion [1] Market Position - L'Oréal reinforced its position as the leading beauty brand in the Chinese market during the previous year [1]