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

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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%.

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