L'Oréal: sales up 13% to 10.38 billion euros in Q1
April 19, 2023 at 09:50 pm IST
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Group sales rose by 13.0% to 10.38 billion euros in Q1 2023 on a like-for-like basis (i.e. at identical structure and exchange rates). Growth at constant exchange rates was +14.0%. On a reported basis, it was +14.6%.
At the end of March, the Professional Products Division posted growth of +7.6% on a like-for-like basis (+9.8% on a reported basis). The Consumer Products Division kicks off 2023 with quarterly growth of +14.7% on a like-for-like basis (+15.7% on a reported basis).
L'Oréal Luxe reported growth of +6.5% on a like-for-like basis (+7.7% on a reported basis in the first quarter). The Dermatological Beauty Division reported strong growth of +30.6% on a like-for-like basis (+34.6% on a reported basis).
' L'Oréal outperformed the market in all geographic zones, and strengthened its position as world leader. This performance, which has not yet benefited from the reopening of China, demonstrates the power of L'Oréal's balanced multipolar model. I look forward to welcoming the magnificent Aesop brand and its teams in the near future, who will strengthen L'Oréal Luxe," said Nicolas Hieronimus, Chief Executive Officer of L'Oréal.
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L'Oréal is the world leading cosmetic group. The group offers skincare products (39.9% of sales), makeup products (19.7%), haircare products (15.4%), fragrances (12.6%), hair colouring products (8.3%) and other (4,1%). Net sales break down by family of products as follows:
- consumer cosmetics (36.9%): L'Oréal Paris, Garnier, Maybelline New York, NYX Professional Makeup, Essie Niely, Dark and Lovely, Mixa, MG and Carol's Daughter brands;
- luxury cosmetics (36.2%): Lancôme, Kiehl's, Giorgio Armani Beauty, Yves Saint Laurent Beauté, Biotherm, Helena Rubinstein, Shu Uemura, IT Cosmetics, Urban Decay, Ralph Lauren, Mugler, Viktor&Rolf, Valentino, Azzaro, Prada, Takami, A?sop, etc.;
- active cosmetics (15,6%): La Roche-Posay, Vichy, CeraVe, SkinCeuticals, Skinbetter Science, etc.;
- professional products (11,3%): L'Oréal Professionnel, Kérastase, Redken, Matrix and PureOlogy brands.
Products are marketed through mass distribution and distance selling, selective distribution, hair salons and pharmacies.
At the end of 2023, L'Oréal has 37 production sites worldwide.
Net sales are distributed geographically as follows: Europe (31.6%), North America (27%), North Asia (25.9%), Asia/Pacific/Middle East/Africa (8.4%) and Latin America (7.1%).