Strong sales growth
- +10.2% based on reported figures
+6.3% like-for-like
- Dynamism in all four divisions
- Good performance in North America
- Breakthroughs continue in New Markets
- Very positive impact of currency fluctuations*
Commenting on the figures, Mr Jean-Paul Agon, Chief Executive Officer of L'Oréal, said:
“The strong first-half sales growth reflects a return to a good like-for-like sales trend, and a very positive exchange rate impact, which might increase in the course of this year. All divisions are recording dynamic trends, thanks to major innovations which are proving very successful: the roll-out of the new Inoa hair colourant from L’Oréal Professionnel is continuing in salons all over the world, Yves Saint Laurent is experiencing a complete renaissance with one of the highest growth rates amongst major luxury brands, and Maybelline, the world leader in make-up, is growing strongly across all continents.
L'Oréal has once again strengthened its geographic positions, thanks to the group's good performance in North America, and major breakthroughs in the New Markets, particularly in China, Brazil, Russia, India and Indonesia. These results bear out our major strategic choices, and mean that we can tackle the second half with confidence”.
July 12, 2010
* +3.6% at end-June. If current exchange rates (basis €1=$1.25) are extrapolated up to December 31, the impact of currency fluctuations would be +6.8% for the whole of 2010.
