Published on 30/10/2013
L'Oréal continues to improve its worldwide positions
Sales: 17.21 billion euros+6.0% at constant exchange rates
+4.9% like-for-like
+2.9% based on reported figures
Dynamics maintained in the New MarketsSolid growth in Western EuropeNorth America impacted by market slowdown and inventory reduction in distributionConfidence in a further year of growth in sales, results and profitability
Read the whole news release of October 30, 2013
Listen to the pre-recorded conference call with Jean-Paul Agon
Commenting on these figures, Mr Jean-Paul Agon, Chairman and Chief Executive Officer of L’Oréal, said:
“Since the start of the year, L’Oréal has been winning market share across all divisions and geographic zones, thus strengthening its world number one position.
In the 3rd quarter, demand for the Group’s products remained strong, driven by major product initiatives and their global roll-out: Olia by Garnier and Elvive by L'Oréal Paris in the Consumer Products Division, Sì by Giorgio Armani and Dreamtone by Lancôme at L'Oréal Luxe, and Idéalia by Vichy in the Active Cosmetics Division.
In Western Europe, the Group recorded solid growth, particularly in France and Germany. In North America, Consumer Products Division sales were affected by market slowdown and inventory reductions in distribution that exceeded our expectations. The Group is maintaining its good dynamics across all the New Markets, particularly in China, India, Brazil and Russia.
The economic context remains subject to some uncertainties about the market trend, and to the negative impact of currencies. But our growth prospects, supported by the innovations and the globalisation of our major brands, combined with a strategy of targeted and complementary acquisitions, enable us to look to the future with confidence.
We confirm our targets for 2013 and our ambition of achieving a further year of growth in sales, results and profitability.”
