News Releases
209 results
Document publications
The 2010 Half-year report was posted on the www.loreal-finance.com website (heading: Regulated Information / Half-year report) on Thursday, August 26, 2010.
Results
Strong increase in first-half results
High level of operating margin at 17.3% of salesStrong increase in results: - Operating profit: +21.4%
- EPS*: +15.3% at 2.39 euros
- Cash flow**: +20.9%
Good quality results: - Significant improvement in gross profit
Sales
STRONG SALES GROWTH
+10.2% based on reported figures +6.3% like-for-like
Dynamism in all four divisionsGood performance in North AmericaBreakthroughs continue in New MarketsVery positive impact of currency fluctuations*
Acquisitions
L'Oréal USA, a subsidiary of L'Oréal, has acquired, through its SalonCentric division, 100% of the capital of C.B. Sullivan, a New Hampshire-based company.
Annual General Meeting
Renewal of the tenure of Sir Lindsay Owen-Jones as Director and Chairman of the Board of DirectorsRenewal of the tenure of Mr Jean-Paul Agon as Director and Chief Executive Officer of L’OréalApproval of a dividend of €1.50, up by +4.2%All the resolutions submitted to the Annual General Meeting were approved by a large majority
Sales
BACK TO GROWTH
Strong growth: +8% based on reported figures at €4.7 billion
+7.4% like-for-like
+7.6% at constant exchange rates* Sustained growth in Consumer Products Rebound in Luxury Products and Professional Products Very strong dynamism in New Markets.
Commenting on the figures, Mr Jean-Paul Agon, Chief Executive Officer of L'Oréal, said:
Acquisitions
L’Oréal USA today announced the signature of an agreement to acquire Essie Cosmetics, the ultimate nail color authority in the US, founded in 1981 by Essie Weingarten, and mainly sold in American salons and spas.
Essie’s net sales through the last 12-month period were $28 million.
Annual General Meeting
Information available concerning the Annual General Meeting to be held on Tuesday, April 27, 2010 and the 2009 Reference Document.
Annual General Meeting set for April 27, 2010:
Results
WITH SOLID, GOOD QUALITY RESULTS
L’OREAL HAS PREPARED ITSELF WELL FOR
A RETURN TO GROWTH IN 2010
2009 sales: 17.5 billion euros
Good quality operating profit
- Improvement in gross profit rate
Acquisitions
L'Oréal USA, a subsidiary of L'Oréal, has acquired, through its SalonCentric division, Maly's Midwest and Marshall Salon Services.
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