07.27.18
L'Oréal's first half sales declined 0.2% in the first half, profitability rose 30 basis points and the company was pleased to report double-digit gains in the Luxe and Active Ingredients divisions. First half sales were E13.39 billion ($15.57 billion at current exchange rates), which represents a 6.6% gain on a like-for-like basis and a 7% increase at constant exchange rates.
"In a beauty market which remains dynamic and is becoming more premium, L'Oréal is continuing to achieve strong growth. In lively markets, the L'Oréal Luxe and Active Cosmetics divisions have both recorded double-digit growth, driven by the power of their brand portfolios and the quality of their innovations," said Jean-Paul Agon, chairman and chief executive officer. "The Consumer Products division, especially with a robust performance at L'Oréal Paris, has recorded moderate growth, held back by an environment that is very difficult in some markets. The Professional Products division, meanwhile, has posted a slight increase in sales."
He noted that across the geographic zones, the New Markets accelerated once again, especially in Asia. North America is gradually improving, while Western Europe is affected by persistent difficulties in France, and by the slowdown in the United Kingdom.
E-commerce sales soared 36.4% n the first half and represented 9.5% of sales. Travel Retail sales jumped 27.3% during the period.
"In a beauty market which remains dynamic and is becoming more premium, L'Oréal is continuing to achieve strong growth. In lively markets, the L'Oréal Luxe and Active Cosmetics divisions have both recorded double-digit growth, driven by the power of their brand portfolios and the quality of their innovations," said Jean-Paul Agon, chairman and chief executive officer. "The Consumer Products division, especially with a robust performance at L'Oréal Paris, has recorded moderate growth, held back by an environment that is very difficult in some markets. The Professional Products division, meanwhile, has posted a slight increase in sales."
He noted that across the geographic zones, the New Markets accelerated once again, especially in Asia. North America is gradually improving, while Western Europe is affected by persistent difficulties in France, and by the slowdown in the United Kingdom.
E-commerce sales soared 36.4% n the first half and represented 9.5% of sales. Travel Retail sales jumped 27.3% during the period.
