(News Bulletin 247) – Growth in Group revenue was +13.0% at 10.38 billion euros in the 1st quarter of 2023 on a like-for-like basis (i.e. at structure and rate of identical changes). Growth at constant exchange rates was +14.0%. Based on published data, it is +14.6%.
At the end of March, the Professional Products Division posted growth of +7.6% like-for-like (+9.8% based on reported data). The Consumer Products Division started 2023 with quarterly growth of +14.7% like-for-like (+15.7% as reported).
L’Oréal Luxe recorded growth of +6.5% like-for-like (+7.7% based on published data in the first quarter). The Dermatological Beauty Division recorded strong growth of +30.6% like-for-like (+34.6% based on reported data).
‘ L’Oréal outperformed the market in all geographical Zones and strengthened its position as world leader. This performance, which does not yet benefit from the reopening of China, demonstrates the power of L’Oréal’s balanced multipolar model. I look forward to welcoming the magnificent Aēsop brand and its teams in the near future, which will strengthen L’Oréal Luxe,” said Nicolas Hieronimus, CEO of L’Oréal.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.