L'Oreal 3Q Sales Rise to EUR6.1 Billion
November 02 2017 - 1:47PM
Dow Jones News
By Anthony Shevlin
L'Oreal SA (OR.FR) said on Thursday that third-quarter sales
rose 5.1% on a like-for-like basis, boosted by strong performance
in its L'Oreal Luxe division.
The French cosmetics and consumer-products company said sales in
the three-month period ending Sept. 30 were 6.09 billion euros
($7.08 billion).
Sales in L'Oreal Luxe division, which includes brands such as
Lancome and Giorgio Armani, grew 11% to EUR2.02 billion. The
company's consumer-products division rose 2.3% to EUR2.82
billion.
Jean-Paul Agon, chief executive of L'Oreal, said the company
expects to outperform the cosmetics market in 2017, and to achieve
both sales and profit growth.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
November 02, 2017 13:32 ET (17:32 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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