The group's sales, at June 30th 2008, amounted to 8.646 billion euros, an increase of +5.3% like-for-like (+7.1% excluding currency fluctuations,+1.6% based on reported figures). In a market which is proving resilient, L'Oréal strengthens its worldwide positions.
Commenting on the figures, Mr Jean-Paul Agon, Chief Executive Officer of L'Oréal, said: "In what everyone recognises is a difficult economic environment, the cosmetics market is proving resilient, and L'Oréal is continuing to outperform the market while strengthening its worldwide positions.
We have several reasons for satisfaction after the 2nd quarter: the upturn which has begun in North America, the confirmation of the strong growth rate in the new markets, and the solid performance of our Consumer Products businesses.
With a very intensive launch programme in the 2nd half, we are optimistic about our ability to improve our growth by the end of the year.
All our efforts are targeted at a like-for-like sales growth of +6%. We are confident in our ability to get very close to this target, and to improve our results, despite the strongly negative impact of currency fluctuations."
Next key date : August 29 - publication of 2008 first half results. Watch on this website the live video of the financial information meeting (speeches of Mr Agon, Mr Mulliez and Q&A session).
July 17, 2008