L’Oréal: First quarter 2011 sales – Good start to the year

loreal

Sales: 5.16 billion euros
+9.3% based on reported figures
+5.8% like-for-like
Strong growth in Consumer Products and Luxury ProductsGood performance in North AmericaContinuing dynamism in New Markets

Commenting on the figures, Mr Jean-Paul Agon, Chairman and CEO of L’Oréal, said:

“The start to this year is encouraging, as it confirms the group’s good dynamics, to which all divisions are contributing, particularly Consumer Products and Luxury Products, driven by the vitality of their major brands: L’Oréal Paris and Maybelline on the one hand, and Lancôme, Giorgio Armani and Kiehl’s, on the other.

In geographic terms, North America is accelerating strongly. Growth continues to be robust in the New Markets, particularly in Latin America, in Asia excluding Japan, and in Africa, Middle East. However, the situation remains more contrasting across Europe. Sorry you have no rights to view the full post! Futher information are only available for registered members.