Good start to the year
- Sales: 5.16 billion euros
- +9.3% based on reported figures
- +5.8% like-for-like
- Strong growth in Consumer Products and Luxury Products
- Good performance in North America
- Continuing dynamism in New Markets
Commenting on the figures, Mr Jean-Paul Agon, Chairman and CEO of L'Oréal, said:
“The start to this year is encouraging, as it confirms the group’s good dynamics, to which all divisions are contributing, particularly Consumer Products and Luxury Products, driven by the vitality of their major brands: L’Oréal Paris and Maybelline on the one hand, and Lancôme, Giorgio Armani and Kiehl’s, on the other.
In geographic terms, North America is accelerating strongly. Growth continues to be robust in the New Markets, particularly in Latin America, in Asia excluding Japan, and in Africa, Middle East. However, the situation remains more contrasting across Europe.
These performances reflect the quality of our innovations, the force and diversity of the brand portfolio, and the right balance in our geographic positions.
Although it is not possible to extrapolate from these figures, and despite an uncertain exchange rate environment, the first months of the year give us confidence in our ability to outperform the market in 2011, strengthen our worldwide positions, and achieve another year of growth in both sales and profits.”
April 19, 2011
