Breaking News

First Half Profits Rise at L’Oréal

November 4, 2013

L’Oréal reported that first-half earnings rose 7.7% and confirmed its full-year targets, fueled by emerging markets. According to reports, operating income climbed to €2.04 billion ($2.7 billion). Operating profit as a percentage of sales reached 17.4%, a record for a six-month period.

The company is expanding in developing regions such as Asia-Pacific and Latin America, and last month agreed to buy China’s Magic Holdings, as previously reported in Happi. First-half sales rose 4.7% to 11.7 billion euros ($15.6 billion), according to the French beauty giant.

“Although market growth has been slightly slowing down, L’Oréal continued to demonstrate its good dynamics and recorded a solid first half,” said Jean-Paul Agon, chairman and CEO of L’Oréal. “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.”

According to Agon, trends of the Group’s flagship brands are favorable, and 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,” said Agnon. “In view of these dynamics, we remain confident in our ability to achieve another year of growth in both sales and profits.”
  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017