DIpil Das
1Q19 Results
L’Oréal reported 1Q19 Sales of €7.6 billion, with 11.4% growth on reported figures, or 7.7% on a comparable basis at constant exchange rates.
Growth in active cosmetics and L’Oréal Luxe accelerated to 14.1% and 19%, respectively, based on reported figures. Sales of the company’s consumer products increased 7.0% and professional products 4.8%.
The company’s New Markets grew 19.5%, led by Asia Pacific with 30.4% growth; management noted strong growth in China, India, Indonesia and Malaysia. North America grew 9.2% and Western Europe just 2.1%.
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Source: Company reports/Coresight Research[/caption]
Outlook
Management believes it will outperform the market in 2019 and see another year of growth, despite a volatile economic environment.
Source: Company reports/Coresight Research[/caption]
Outlook
Management believes it will outperform the market in 2019 and see another year of growth, despite a volatile economic environment.