Paris — French beauty giant L’Oréal announced a +7.3% year-on-year increase in like-for-like first-half sales, reaching €22.12 billion. This represents a +7.5% growth in reported terms. Despite facing challenges in the North Asia travel retail sector, the company saw net profits rise by +8.8% to €3.65 billion, with an operating margin improvement of ten basis points, reaching 20.8%.
L’Oréal highlighted its sustained outperformance in the global beauty market, promising further details and analysis following its earnings call tomorrow.
“While travel retail in North Asia has weighed on growth in the first half, its momentum has been improving sequentially,” L’Oréal stated. The company noted that Japan maintained double-digit growth, driven by the resurgence of tourism and the 34-year low yen.
All divisions of L’Oréal showed positive momentum, with Dermatological Beauty and Consumer Products leading the way. L’Oréal Luxe also contributed significantly, with sequential acceleration over the past two quarters.
The company achieved double-digit growth in Europe and what it terms Emerging Markets, while maintaining steady growth in North America throughout the first half.
L’Oréal reported balanced progress between its offline and online sales channels, underscoring the company’s robust performance across multiple platforms.
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