(Finance) – L’Orealthe French beauty and cosmetics giant, has closed i first nine months of 2024 with sales equal to 32.40 billion euros, up by +6%.
Like-for-likei.e. based on a comparable structure and identical exchange rates, sales grew by +6%. The net impact of changes in perimeter it was +2.1%. Growth a exchange rates constant was +8.1%.
Growth in all divisions with L’Oréal Luxe accelerating for the third consecutive quarter, Professional Products maintaining pace.
L’Oreal recorded growth in all regionsexcept in North Asia, where operating conditions in the Chinese ecosystem remain challenging. Sales in North Asia fell 6.5% in the third quarter.
“In the Mainland Chinathe beauty market, already negative in the second quarter, continued to deteriorate, influenced by low consumer confidence – reads the note – In this context, sales decreased low single-digit in the first nine months”.