L'Oréal announces strong sales growth at 9 months
- 9-month sales: 16.73 billion euros
+10.9% based on reported figures
+6.2% excluding currency fluctuations
+5.6% like-for-like
Dynamism of L'Oréal LuxeStrong growth continues in North AmericaSolid growth in New MarketsFull-year 2012 targets confirmedRead the whole news release
Commenting on these figures, Mr Jean-Paul Agon, Chairman & CEO of L'Oréal, said:
"The quarter confirms the good growth in our sales observed since the start of the year. In a market which reflects highly contrasting trends in different geographic zones and distribution channels, L'Oréal is maintaining its course.
Despite the market slowdown observed in Asia and in Travel Retail, L'Oréal Luxe is proving highly dynamic, thanks to the vitality of its brands and major launches such as "La vie est belle" by Lancôme.
The Consumer Products Division is recording solid growth quarter after quarter, and Active Cosmetics is accelerating, driven by its international expansion.
In geographic terms, L'Oréal is continuing its conquests in North America, and in the New Markets. In Asia, the group continues to grow faster than the market. Eastern Europe is gradually recovering, and Latin America is accelerating. The figure for Western Europe reflects good performances in several major countries, and the difficult situations in the southern countries.
Overall, in the current economic environment, the group is outperforming its market, thanks to the quality and diversity of its brand portfolio, and its innovation power.
We confirm our targets for 2012, and our ambition to achieve another year of growth in sales, results and profitability."
November 6, 2012
