L’Oréal Sales Jump 14.1% in Q1

PARIS — L’Oréal was boosted by strong currency headwinds and growth at all divisions and in all geographic zones in the first quarter. Reporting its sales for the three months ended March 31, the world’s largest beauty company Monday said its revenues in reported terms climbed 14.1 percent to 6.44 billion euros, or $6.99 billion. On a like-for-like basis, sales grew 4 percent, and at constant currency rates, they increased 5.2 percent. RELATED CONTENT: WWD Earnings Tracker >> “The group has made an encouraging start to the year, with performances remaining contrasted by division,” said chairman and chief executive officer Jean-Paul Agon. Sales for the Consumer Products division, the company’s largest, grew 11.6 percent year-on-year to 3.08 billion euros, or $3.34 billion. L’Oréal Luxe revenues climbed 20.1 percent to 1.75 billion euros, or $1.9 billion. Professional Products saw growth of 16 percent to 852.6 million euros, or $925.2 million, while Active Cosmetics sales increased 10.2 percent to 559.2 million euros, or $606.8 million. The Body Shop revenues grew 9.1 percent to 192.4 million euros, or $208.8 million. Broken down by region, North America saw the best performance, with sales up 25.2 percent to 1.62 billion euros, or $1.76 billion. Sales in New Markets climbed 17.4 percent to

Follow WWD on Twitter or become a fan on Facebook.

Read More...