L’Oréal has published its 2015 full-year figures, which reveal growth of 3.9 per cent to a turnover of €25.26 billion, beating analysts’ estimates for the fourth quarter.
Its operating profit was €4.39 billion – 13 per cent more than what it generated in 2014. The strong performance of its luxury division was a central driving force behind this rise.
"Once again the division outperformed the market, driven by the dynamism of make-up and fragrances as well as by e-commerce," said the cosmetics giant said in a press release.
L’Oréal CEO Jean-Paul Agon, who recently emphasised the seminal role e-commerce will have for the company in coming years, noted that its performance took place in a context "marked by a worldwide economic slowdown and increased international volatility".
Andrew Wood of Bernstein Research said, "Overall, the results were mixed relative to expectations, but generally positive."
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.
