L\'Oréal sales reach €11.7bn
Growth was driven by market share gains in Western Europe and North America in addition to strong performances in new markets
French beauty giant L'Oréal has posted solid figures for the first half of 2013, with sales reaching €11.7bn – a 6.4% jump on last year excluding currency fluctuations. On a like-for-like basis, sales climbed 5.4% on last year’s figure. According to the company, growth was driven by market share gains in Western Europe and North America in addition to strong performances in new markets.
Commenting on the figures, Jean-Paul Agon, Chairman and CEO of L'Oréal, said: "Although market growth has been slightly slowing down, L'Oréal continued to demonstrate its good dynamics and recorded a solid first half. Each division and zone is growing and outperforming its market.”
The Professional Products Division recorded growth of +1.4% like-for-like, led by the Kérastase brand, while the Consumer Products Division posted sales growth of +6.3% like-for-like driven by L'Oréal Paris, Garnier and Maybelline. Finally, L'Oréal Luxe sales also grew, climbing by +6.4% like-for-like, while the Active Cosmetics Division, which includes brands Vichy and La Roche-Posay, grew +7.8% like-for-like.