L’Oreal net profit climbs to €3.22b in H1
This is up from €2.36b in the same quarter last year.
L’Oreal reported its first-half net profit climbed to €3.22b in the first half of the year from €2.36b in the same period last year.
During the said period, the Group saw its sales rise 20.9% to €18.36b with positive growth seen across all its categories.
“L’Oréal grew twice as fast as the market and has strengthened its position as the world’s No.1 beauty company,” Nicolas Hieronimus, CEO of L'Oréal, said.
“Our performance is increasingly balanced. Balanced between volume and value growth. Balanced between offline growth, with the reopening of retail outlets in most countries, and e-commerce growth which continues at a double-digit pace.”
In the first half of the year, L’Oreal saw its sales of professional products grow 14.3% to €2.16b. Its consumer products, L'Oreal Luxe and Active Cosmetics also recorded sales growth of 8% to €6.79b, 16.4% to €6.87b, and 20.9% to €2.53b, respectively.
Across the region, the group recorded the highest growth in SAPMENA-SSA after sales in the market climbed by 23% to €1.40b, followed by Latin America with a 22.3% increase to €1.12b.
Europe, North America, and North Asia also saw positive growth of 14.3% to €5.56b, 11.6% to €4.65b, and 10.5% to €5.62b, respectively.