STRENGTHENING GROWTH: +4.5% OVER THE FIRST NINE MONTHS LIKE-FOR-LIKE
- Sales: 19.5 billion euros
+2.4% based on reported figures
- Sales still highly differentiated by Division
- Excellent performance of L'Oréal Luxe and growth momentum of the Active Cosmetics Division confirmed
- Growth acceleration in the New Markets, particularly in Asia Pacific
- Solid performance in Western Europe
Commenting on the figures, Mr Jean-Paul Agon, Chairman and Chief Executive Officer of L'Oréal, said:
"As announced, there was an acceleration in the third quarter with growth at +5.1% like-for-like. Overall, the Group outperformed the market and strengthened its position.
L’Oréal Luxe delivered an excellent performance with double-digit growth, driven by the robust health of its four key brands: Lancôme, Yves Saint Laurent, Giorgio Armani and Kiehl’s, and the momentum of its recent acquisition, IT Cosmetics. The Active Cosmetics Division is growing significantly, reflecting the quality of its launches and the good performance of CeraVe. The Consumer Products Division is reinforcing its positions in several major Zones, but is still being slowed down by continuing difficulties in the American and French markets.
The highlight of the quarter is the acceleration of our sales in the New Markets, which posted double-digit growth, with strong performances in Asia Pacific, particularly in China, but also in Latin America and Eastern Europe. Western Europe is continuing to deliver a solid performance.
The growth in sales continues to be boosted by our digital lead, particularly with the sustained expansion of e-commerce sales at +31.6% 3.
These good performances strengthen our confidence in our ability to once again outperform the cosmetics market in 2017, and to achieve growth in both our sales and profits."