L’Oreal increased revenues by 11% in the first quarter


French L’Oreal, one of the world's largest manufacturer of cosmetics, following the results of the first quarter, reported revenue growth by 11.4% in annual terms to 7 billion 550 million euros. Experts had expected the figure at 7 billion 370 million euros. The luxury division increased quarterly revenue by 19% to 2 billion 680 million euros. Growth in its comparable sales was 14.2%. The revenue of the consumer goods division was 3 billion 280 million euros, an increase of 7%. The division increased comparable sales by 3.3%. Revenue growth was recorded in all regions. Thus, in Western Europe, the figure increased by 2.1%, in Eastern Europe - by 1.3%. The company's revenue in the Asia-Pacific region jumped by 30.4%, in North America - by 9.2%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong