L'Oréal: 8.8% increase in net income for the 1st half of the year
(CercleFinance.com) - L'Oréal has reported half-year sales of 22.
12 billion euros, up +7.3% on a like-for-like basis, and +7.5% on a reported basis.
Operating income came to 4,600 ME (vs. 4,258 ME a year earlier), while operating profit stood at 4,495 ME (vs. 3,937 ME a year earlier).
Net income Group share came to ME365, up 8.8%, giving net earnings per share Group share of 6.84 euros, compared with 6.27 euros a year earlier.
Against a backdrop of continuing economic and geopolitical tensions, we remain optimistic about the outlook for the beauty market. We are convinced that our ability to innovate and the robustness of our multipolar model will enable us to continue to outperform the market and achieve another year of growth in sales and earnings", commented Nicolas Hieronimus, Chief Executive Officer of L'Oréal.
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12 billion euros, up +7.3% on a like-for-like basis, and +7.5% on a reported basis.
Operating income came to 4,600 ME (vs. 4,258 ME a year earlier), while operating profit stood at 4,495 ME (vs. 3,937 ME a year earlier).
Net income Group share came to ME365, up 8.8%, giving net earnings per share Group share of 6.84 euros, compared with 6.27 euros a year earlier.
Against a backdrop of continuing economic and geopolitical tensions, we remain optimistic about the outlook for the beauty market. We are convinced that our ability to innovate and the robustness of our multipolar model will enable us to continue to outperform the market and achieve another year of growth in sales and earnings", commented Nicolas Hieronimus, Chief Executive Officer of L'Oréal.
Copyright (c) 2024 CercleFinance.com. All rights reserved.