Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

L'Oreal Q2 Sales Rises 4%

French cosmetics giant L'Oreal SA (LRLCY.PK), Tuesday reported a 4 percent growth in second quarter sales, driven mainly by strong performance at North America and new markets including Asia-Pacific and Latin America. Sales for the first-half of 2013 grew about 5 percent.

L'Oreal reported second-quarter sales of 5.81 billion euros, up 4.2 percent from 5.57 billion euros last year. On a like-for-like basis, sales were up 5.2 percent.

At Cosmetic segment, sales for the second quarter climbed 4.5 percent from last year, driven mainly by growth across consumer products, L'Oreal Luxe, and professional products and active cosmetics businesses.

Body Shop segment sales dropped 3.4 percent and dermatology was up 4.2 percent.

Geographically, sales in North America rose 4.9 percent to 1.37 billion euros from last year. New markets grew 7.3 percent, reflecting growth at Asia-Pacific, Latin America, Africa, Middle East, and Eastern Europe. Sales from Western Europe, the biggest contributor to total revenues, grew 1.3 percent to 1.91 billion euros.

Commenting on the results, Chief Executive Jean-Paul Agon said, "Although market growth has been slightly slowing down, L'Oréal continued to demonstrate its good dynamics and recorded a solid first half. Each division and zone is growing and outperforming its market."

Sales for the first half of 2013, grew 4.7 percent to 11.74 billion euros from 11.21 billion euros last year. On a like-for-like basis, sales were up 5.4 percent.

LRLCY.PK is currently trading at $33.82, down $0.36 or 1.06%.

Register
To receive FREE breaking news email alerts for L'Oreal Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.