Prime Highlights
- L’Oréal posted 5.8% revenue growth in the first half of the year.
- The company recorded growth across all regions and product categories.
Key Facts
- L’Oréal is a leading French cosmetics and beauty company.
- Operating profit rose 6.8% to €5.063 billion in the first half.
Background
L’Oréal has continued to grow despite an overall slowdown in the global beauty industry, posting higher revenue and profit for the first half of the year.
The French cosmetics group reported revenue of €23.776 billion for the six months ending in June, up 5.8% compared with the same period last year. Operating profit rose 6.8% to €5.063 billion, while operating margin improved slightly to 21.3%. Gross margin stood at 74.8%, broadly unchanged from the previous comparable period.
The company recorded growth across all regions in which it operates. Europe remained its largest market, growing 8% to reach €8.134 billion. North America grew 4.2% to €6.067 billion, while North Asia, the company’s third-largest market, grew 2.3% to €5.514 billion.
The Sapmena-SSA region, which includes South Asia, the Pacific, the Middle East, North Africa and Sub-Saharan Africa, recorded the strongest regional growth at 9.2%, reaching €2.247 billion. Latin America grew 9% to €1.813 billion.
By category, professional products saw the fastest growth, rising 14.7% to €2.921 billion. Consumer products remained the company’s largest category, growing 2.7% to €8.643 billion. L’Oréal Luxe increased 4.4% to €7.997 billion, while dermatological beauty products grew 9.3% to €4.216 billion.
Company chief executive Nicolas Hieronimus highlighted the group’s 6.5% adjusted like-for-like growth, stating that the company had maintained strong momentum and widened its lead over the broader global beauty market.
