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L'Oreal 1Q Sales Rose

   By Giulia Petroni 

L'Oreal SA said Thursday that sales rose in the first quarter of the year, with three divisions reporting double-digit growth despite the impact of the coronavirus.

The French cosmetics and consumer-products company said quarterly sales came in at 7.61 billion euros ($9.11 billion), up from EUR7.23 billion in the previous year. On a like-for-like basis, sales increased 10.2%.

L'Oreal's professional-products division reported a 21% organic sales rise, supported by new trends such as the digitalization of salons, independent stylists and the e-commerce boom.

The active cosmetics business jumped 28.7% on a like-for-like basis, gaining market share across geographies, while the luxe division reported a sales increase of 14.6% like-for-like.

The company said consumer products continued to suffer the impact of the health measures on the make-up market, with sales down 0.7% like-for-like.

L'Oreal said first-quarter results outperformed the market and it is confident it will be able to achieve growth in both sales and profits in the year.


Write to Giulia Petroni at


(END) Dow Jones Newswires

April 15, 2021 12:35 ET (16:35 GMT)

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