L’Oréal in first place in the 2007 annual ranking of the biggest 100 companies in the beauty industry.
Posting 2007 sales of $23.39 billion (+8.1%), L’Oréal performed better than Procter & Gamble (with an estimated $17.8 billion in sales) , Unilever ($14.28 billion) and Estée Lauder ($7.47 billion) . The 100 companies in the list generated a combined turnover of $154 billion, about $14 billion more than in 2006.
L’Oréal saw its net profit jump by 28.9% last year to €2.66 billion, with all divisions and zones contributing to the gains, WWD recalls. The “Rest of the World” zone proved particularly dynamic, accounting for about 60% of the group's cosmetics sales growth, and representing 29.2% of overall sales. To fuel future growth, L’Oréal has pinpointed 12 high potential countries, among which Ukraine, the Czech Republic, Thailand, Vietnam and Dubaï. (WWD, 08/11/2008).