LRLCY - L'Oreal Q1 sales rises 14.6% to Euro10.38B

2023-04-19 12:52:07 ET

• L’Oreal ( OTCPK:LRLCY ) first quarter sales for 2023 grew 14.6% to €10.38B on a reported basis and a rise of 13% like-for-like, helped by strong sales in Dermatological Beauty unit and consumer products.
• Dermatological Beauty posted a rise of 30.6% like-for-like and 34.6% reported, helped by its leading face products, La Roche-Posay.
• The Professional Products Division recorded 7.6% rise to €1.14B like-for-like, with strong growth in mainland China, India and the United Kingdom.
• The Consumer Products Division grew at +14.7% like-for-like to €3.82B, with strong sales in Europe and North America, and continued growth momentum in emerging markets including, India, Mexico, Brazil and Thailand.
• L’Oréal Luxe recorded growth of +6.5% like-for-like.

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