L’Oréal Sales Rise 11% in Q3

PARIS — L’Oréal’s third-quarter 2019 sales rose 11 percent in reported terms, fueled by its luxury and active cosmetics businesses.
Group sales for the three months ended Sept. 30 reached 7.18 billion euros, up 7.8 percent on a like-for-like basis.
“The high growth rate was maintained in an environment which remains contrasted,” said Jean-Paul Agon, chairman and chief executive officer, in a statement. “All of the divisions are growing, especially L’Oréal Luxe and Active Cosmetics, which are particularly dynamic.
“Performance was mixed in the Consumer Products Division, with strong growth in Asia on the one hand, but on the other, a context that remains difficult in the United States, as announced,” he continued. “The Professional Products Division continues to improve. Across the geographic zones, Asia-Pacific maintained its powerful momentum, particularly in China, India, Southeast Asia and Japan. Eastern Europe is accelerating, and the improvement in Western Europe is ongoing.”
Agon also highlighted L’Oréal’s other key growth drivers as being skin care, e-commerce and travel retail.
The group’s e-commerce business posted gains of 47.5 percent and made up 13.5 percent of company sales. L’Oréal travel-retail activity registered growth of 20.8 percent.
L’Oréal sales in the first nine months of the year advanced 10.7 percent in reported terms and 7.5 percent on a comparable basis to 21.99 billion euros.
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