5 € millions 2021 Growth (%) 2020 2019 Published data Excluding exchange effect Europe 10,184.8 10.7% 11.1% 9,199.3 10,186.8 North America 8,155.9 18.1% 21.8% 6,903.4 7,567.0 North Asia 9,863.3 18.6% 17.8% 8,318.1 7,908.2 SAPMENA – SSA 2,312.0 10.0% 16.0% 2,101.9 2,438.5 Latin America 1,771.5 20.6% 27.0% 1,469.3 1,773.1 GROU P 32,287.6 15.3% 16.9% 27,992.1 29,873.6 3.1.2.2. Breakdown of operational assets and consolidated investments by geographic zone € millions 2021 2020 2019 Operational assets Investments in tangible and  intangible assets Operational assets Investments in tangible and intangible assets Operational assets Investments in tangible and intangible assets Europe 11,837.5 375.8 11,504.0 358.5 10,607.0 525.4 North America 7,636.3 208.5 6,991.0 193.7 7,789.0 332.3 North Asia 4,030.1 153.9 3,424.4 116.7 3,451.2 180.3 SAPMENA – SSA 1,170.7 52.7 1,059.6 48.8 1,202.4 74.9 Latin America 1,253.4 33.6 1,168.7 40.0 1,472.3 67.6 Non-allocated 1,047.7 259.6 1,042.6 167.4 1,077.6 142.4 GROUP 26,975.7 1,084.0 25,190.3 925.2 25,599.5 1,322.9 3.1.3. Sales by business segment € millions 2021 Growth (%) 2020 2019 Published data Excluding exchange  effect Skincare 12,982.3 17.5% 18.1% 11,051.7 10,453.1 Make-up 6,626.8 11.0% 12.6% 5,969.3 7,854.3 Haircare 4,880.1 14.7% 17.3% 4,254.3 4,460.9 Hair colourants 3,016.1 1.5% 3.9% 2,971.6 3,032.1 Perfumes 3,511.8 38.9% 41.1% 2,528.7 2,770.4 Other 1,270.6 4.4% 6.9% 1,216.5 1,302.8 GROUP 32 ,287.6 15.3% 16.9% 27,992.1 29,873.6 WEIGHT OF NET SALES BY BUSINESS SEGMENT OVER THE THREE PERIODS Hair colourants 10.6% Haircare 15.2% Make-up 21.3% Skincare 39.5% Perfumes 9.0% Other 4.3% Hair colourants 9.3% Haircare 15.1% Make-up 20.5% Skincare 40.2% Perfumes 10.9% Other 3.9% Hair colourants 10.1% Haircare 14.9% Make-up 26.3% Skincare 35.0 % Perfumes 9.3% Other 4.4% 2021 SALES: €32,288 M 2020 SALES: €27,992 M 2019 SALES: €29,874 M L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 297 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements