+3.9% based on reported figures
+5.7% excluding currency fluctuations
Very strong growth in AsiaSolid growth in Latin America and North AmericaStrong dynamism of Luxury DivisionFull-year 2011 targets confirmed
Commenting on the figures, Mr Jean-Paul Agon, Chairman and CEO of L'Oréal, said:
“With a solid 3rd quarter, the group is confirming its good dynamics, in a market which again reflected contrasting trends in geographic zones and distribution channels.
Across the divisions, L’Oréal Luxury produced an outstanding performance, bolstered by the dynamism of Kiehl’s, Giorgio Armani, Diesel, and also Lancôme, which is making the headlines with Visionnaire, a breakthrough innovation symbolising the renewal of the brand and the quality of our Research. The Consumer Products Division trend is positive, thanks in particular to Maybelline. The Professional Products and Active Cosmetics Divisions are improving their performances in markets that have once again shown modest growth.
In geographic terms, L’Oréal is confirming its dynamism in Asia, reflecting high performances not only in China, but also in India and South-East Asia. Growth remains strong in Latin America, despite a deceleration in Brazil. In North America, L’Oréal is continuing to increase faster than the market. In Western Europe, the group is in line with a market trend reflecting highly contrasting situations.
With a favourable cosmetics market trend despite the uncertainties facing the worldwide economy, we are tackling the last quarter with confidence.
We confirm our aim of outperforming the market in 2011, and achieving another year of growth in both sales and profitability.”
November 7, 2011