Group’s good growth dynamics continue
Sales: 11.7 billion euros+6.4% excluding currency fluctuations
+4.7% based on reported figures
Further market share gains in Western Europe and North AmericaStrong growth in the New MarketsDynamism of the Group's major brandsConfidence in a further year of sales and profit growth
Commenting on the figures, Mr Jean-Paul Agon, Chairman and CEO of L'Oréal, said:
"Although market growth has been slightly slowing down, L'Oréal continued to demonstrate its good dynamics and recorded a solid first half. Each division and zone is growing and outperforming its market.
The Consumer Products Division and L'Oréal Luxe are growing strongly, driven by L'Oréal Paris, Garnier, Lancôme, Giorgio Armani and Kiehl's. The Professional Products Division, still held back by a difficult market, is picking up slightly. The Active Cosmetics Division is performing very well, particularly in Western Europe, while accelerating its international roll-out.
The trends of the Group's flagship brands are favourable, and more than ever before, our major product initiatives are really making a difference. They are enabling significant breakthroughs in Western Europe and North America. And in the New Markets, the four regions are achieving strong growth and are contributing to improve our positions.
In view of these dynamics, we remain confident in our ability to achieve another year of growth in both sales and profits."