×
781
Fashion Jobs
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE
Asst. Manager Quality/Quality Line Officer/qa & qc- Garments Industry
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Production Merchandiser Manager/Head - Garments Manufacturing
Permanent · National Capital Region
SHAHI
General Manager-Corporate Communications
Permanent · Bengaluru
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Thanjavur
Permanent · Thanjavur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Karjat
Permanent · Karjat
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Darjeeling
Permanent · Darjeeling
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ankleshwar
Permanent · Ankleshwar
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Pali
Permanent · Pali
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kurseong
Permanent · Kurseong
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kumbakonam
Permanent · Kumbakonam
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Dausa
Permanent · Dausa
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Siana
Permanent · Siyana
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Tirupur
Permanent · Tiruppur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kashipur
Permanent · Kashipur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Dibrugarh
Permanent · Dibrugarh
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Aurangabad
Permanent · Aurangabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Palitana
Permanent · Palitana
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Rajgir
Permanent · Rajgir
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Gandhidham
Permanent · Gandhidham
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Tirupati
Permanent · Tirupati
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Lonavala
Permanent · Lonavala
By
Reuters API
Published
Nov 2, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxury cosmetics help sales pick-up at L'Oréal

By
Reuters API
Published
Nov 2, 2017

L'Oréal , the world's biggest cosmetics company, on Thursday posted slightly higher-than-expected sales in the third quarter as luxury brands such as Lancôme and a surge in demand in China drove growth.


Reuters

Like-for-like sales, which strip out currency swings and acquisitions or disposals, rose 5.1 percent from a year earlier between July and September – a pick-up from the previous quarter and more than forecast by analysts.

Sales in L'Oréal's luxury division, which also includes Kiehl's and Yves Saint Laurent beauty products, rose by 11.2 percent on a comparable basis, after expanding by 8.9 percent three months earlier.

Revenue growth in Asia Pacific also accelerated from one quarter to the next, and the company said Chinese demand was particularly strong.

"These good performances strengthen our confidence in our ability to once again outperform the cosmetics market in 2017, and to achieve growth in both our sales and profits," Chairman and Chief Executive Jean-Paul Agon said in a statement.

However, in the consumer products unit – which includes Essie nail varnish, Maybelline make-up and Garnier shampoo and is the biggest contributor to revenue – comparable sales were a touch below forecasts.

They rose 2.3 percent, a small slowdown from the 2.4 percent pace notched up three months earlier. Agon said the U.S. and French markets were proving tough.

Fellow consumer goods firms have reported mixed results, with Unilever, maker of Dove soap, coming below expectations in the third quarter while Beiersdorf, owner of Nivea body milk, was more upbeat.

Cosmetics giant Estée Lauder , meanwhile, is also riding high on strong Asian and European sales.

L'Oréal's revenue came in at 6.1 billion euros (5.44 billion pounds) across the group in the three months to end-September, versus the 6.08 billion euros expected in a poll of analysts carried out by Inquiry Financial for Reuters.

© Thomson Reuters 2022 All rights reserved.