A good start to the year
- Dynamic growth from all divisions
- Continued solid growth in Western Europe
- Significant acceleration in new markets
The sales of the L'Oréal group, at March 31st 2007, amounted to 4.268 billion euros, an increase of 7.9% like-for-like (+8.4% based on reported figures).
Commenting on the figures, Mr Jean-Paul Agon, Chief Executive Officer of L'Oréal, said: “The first quarter sales figures are encouraging, even if they cannot be considered to be an indication of overall annual performance. The group’s growth is progressing as we had announced: Western Europe remains solid, North America is progressively returning to growth and the new markets have made a good start to the year. All the divisions contributed equally to this dynamic performance.
Currency fluctuations had a strongly negative impact on the first quarter and their effect will be felt, if less severely, throughout the year.
This good start to the year confirms that we can be confident in meeting the target we have set ourselves: to return to a growth rate bracket of + 6% to + 8% like-for-like for 2007.”
