L'Oréal: 9m sales of E21.99bn, up 10.7%
(CercleFinance.com) - L'Oréal's revenues reached 21.
99 billion euros as reported on 30 September 2019, up 10.7%. On a like-for-like basis, i.e. with the same consolidation scope and exchange rates, revenue increased by 7.5%.
At end-September, the growth of the Professional Products Division reached 3.0% like-for-like (+5.4% as reported). "The Division's growth accelerated, driven by sustained performance in the United States and the Asia Pacific Zone, where it is continuing to win market share," the group said.
The Consumer Products Division posted +3.0% like-for-like growth (+6.0% as reported). "L'Oréal Paris is enjoying sustained growth, and Garnier is performing well".
L'Oréal Luxe posted growth +13.4% like-for-like growth and +7.7% as reported. "The Division outperformed the market and its top four brands maintained their strong rhythm of growth," management added.
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