L'Oreal Posts Higher Profit, Sales in 1st Half
29 Julio 2021 - 11:38AM
Noticias Dow Jones
By Olivia Bugault
L'Oreal SA said Thursday that net profit and sales rose in the
first half thanks to growth in all its divisions and regions.
The French cosmetics and consumer-products company had net
profit of 2.36 billion euros ($2.80 billion) in the period, up from
EUR1.82 billion a year earlier. Sales rose to EUR15.2 billion from
EUR13.08 billion, a 21% increase on a like-for-like basis.
The company's professional products and active cosmetics
divisions performed the best during the period with sales growth of
41% and 37.5%, respectively, on a like-for-like basis.
E-commerce sales grew 29% in the January-June period.
"We are more confident than ever in our ability to outperform
the market and achieve a year of growth in both sales and results,"
L'Oreal's chief executive officer Nicolas Hieronimus said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
July 29, 2021 12:33 ET (16:33 GMT)
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