By Helena Smolak
Dow Jones-L’oreal grew by its luxury product division in the first quarter. The French cosmetic giant reported a increase in sales by 4.4 percent to 11.47 billion euros. This corresponded exactly to the analyst consensus raised by visible alpha. L’Oreal grew by 3.5 percent on a comparable basis.
In Europe, sales increased by 4.9 percent to 3.91 billion euros. In North America, however, sales decreased by 1.4 percent to 2.97 billion euros. The
CEO Nicolas Hieronimus assumes that L’Oreal will continue to do better than the market and that the current year will again complete sales and profit growth.
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DJG/DJN/BRB/CLN
(End) Dow Jones Newswires
April 17, 2025 12:44 ET (16:44 GMT)
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