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THE WHAT? L’Oréal has reported a powerful Q1, with gross sales reaching 10.38 billion euros, a rise of 13.0 p.c on like-for-like foundation and, 14.6 p.c based mostly on reported figures.
THE DETAILS The French magnificence big reported development in all divisions, with an ‘excellent efficiency’ from the Dermatological Magnificence and Client Merchandise Divisions, which grew 30.6 p.c and 14.7 p.c respectively.
On the finish of March, the Skilled Merchandise Division recorded 7.6 p.c like-for-like development, whereas luxe elevated 6.5 p.c.
Geographically, Europe reported 16 p.c like-for-like, whereas North America, North Asia, SAPMENA-SSA and Latin America grew 16.6, 1.9, 26.7 and 22.3 p.c respectively.
THE WHY? Nicolas Hieronimus, CEO of L’Oréal, attributed the gross sales development to ‘valorised improvements in all Divisions and the engagement of our groups world wide.’
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