Get the app today! Download iPhone App Download Android App

Luxury Cosmetics Drive Sales At L'Oreal In First Quarter

Published on Apr 13 2018 8:58 AM in A-Brands tagged: Featured Post / France / beauty / L'oreal / cosmetics / Paywall

Luxury Cosmetics Drive Sales At L'Oreal In First Quarter

France's L'Oréal, maker of Maybelline and Lancome beauty products, has reported better-than-expected like-for-like sales growth for the first quarter, driven by its thriving luxury unit and demand in Asia.

The world's biggest cosmetics firm said sales between January and March reached €6.78 billion, a touch above the €6.75 billion forecast by analysts polled by Inquiry Financial for Reuters.

Like-for-like revenue growth, which strips out the effect of currency swings and acquisitions or disposals, was 6.8%, well above expectations of 5.6%.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email