L'Oreal Confident on 2023 Growth After Rise in 1Q Sales
20 4월 2023 - 1:45AM
Dow Jones News
By Giulia Petroni
L'Oreal SA said Wednesday that it is optimistic about the beauty
market outlook in 2023 after first-quarter sales grew across
geographies and categories.
The French cosmetics giant reported quarterly sales of 10.38
billion euros ($11.37 billion) from EUR9.06 billion in the
previous-year period. On an organic basis, sales grew by 13% on
year, with strong growth across emerging markets.
The company's performance still has to benefit from reopenings
in China, it said.
In terms of divisional performance, growth was particularly
strong in the dermatological beauty segment and consumer products,
where sales rose roughly 31% and 15% respectively.
Looking ahead, L'Oreal said it is confident it will keep
outperforming the market and achieve sales and profits growth in
the year.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 19, 2023 12:30 ET (16:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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