L'Oreal Q3 Sales Up 13.6%

Cosmetics and beauty products giant L'Oreal Co. (LRLCY.PK), Thursday reported that its third-quarter sales were 7.996 billion euros, up 13.6% from 7.036 billion euros last year. On a Like-for-like basis, sales were up 13.1%.

Professional products revenues gained 9.7% to 945.6 million euros, while consumer products revenues gained 4.1% to 2.979 billion euros. L'Oréal Luxe rose 21.1% to 3.120 billion euros, while active cosmetics jumped 29.0% to 951.3 million euros.

Commenting on the results CEO Nicolas Hieronimus said, "The Group's sales increased by +9.3% like-for-like over two years, compared with the first nine months of 2019, with a remarkable acceleration in the third quarter. All Divisions increased their growth over two years quarter after quarter."

The Group's sales, at 30 September 2021, were 23.193 billion euros, up 18.0% from 20.113 billion euros last year. On a like-for-like basis, group sales were up 15.3%.

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