L'Oréal shows continuing strong growth
9-month sales:
+11.6% based on reported figures
+6.2% like-for-likeSolid growth in the 4 divisions
Dynamism in Consumer Products Division
Strong growth in the New MarketsRead the whole news release
Commenting on the figures, Mr Jean-Paul Agon, Chief Executive Officer of L'Oréal, said:
“Organic growth remained sustained in the 3rd quarter, despite a higher comparison base. This performance confirms the clear upturn in sales recorded since the start of the year.
All the divisions are contributing to this expansion. Consumer Products are significantly strengthening their positions, thanks in particular to the very strong dynamism of Maybelline. Luxury Products are being bolstered by the vitality of the division’s major brands - Lancôme, Yves Saint Laurent and Giorgio Armani – and by the success of its latest fragrance launches and the global roll-out of Kiehl’s. Professional Products are continuing their conquest of new salons, thanks, in particular, to the powerful roll-out of the new hair colourant Inoa.
In geographical terms, growth is solid in North America and the group is strongly reinforcing its positions in the New Markets, particularly in Latin America and Asia.
Overall, the growth rate for the first 9 months bears out our major strategic choices. In a growing cosmetics market, and despite a less favourable monetary context, we are confirming our aim of strengthening, over the full-year, our worldwide positions and the profitability of our businesses.”
October 21, 2010
