L'Oreal Posts Higher 3Q Sales on Growth in All Regions, Divisions

   By Olivia Bugault 
 

L'Oreal SA said Thursday that sales rose in its third quarter thanks to growth across all its regions and divisions.

The French cosmetics and consumer-products company said quarterly sales came in at 8 billion euros ($9.32 billion) in the July-September period, up 13.6% on a reported basis. Based on a comparable structure and at constant exchange rates, sales increased 13.1%, it said.

Its active-cosmetics division registered the largest growth with like-for-like sales up 28.4%, while its consumer-products segment's growth was the smallest at 3.2%, it said.

The recovery in the U.S. is confirmed with sales up 22.9% like-for-like for North America during the quarter, while Europe's sales grew 7.5%.

"In an environment which remains uncertain, our performance in the third quarter strengthens our ambition to outperform the market and achieve a year of growth in both sales and profits," it says.

Write to Olivia Bugault at [e-mail]

(END) Dow Jones Newswires

October 21, 2021 12:33 ET (16:33 GMT)

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