L’Oreal reports Q1 sales EUR 12.15B vs. EUR 11.73B last year

Reports Q1 sales up 3.6% reported and up 7.6% like-for-like. Commenting on the figures, Nicolas Hieronimus, CEO, said: “L’Oreal (LRLCY) is off to a great start with adjusted like-for-like growth of +6.7%. We not only outperformed a beauty market that remains dynamic but accelerated our market share gains around the world… Despite current geopolitical and macroeconomic uncertainties, we are optimistic about the outlook for the global beauty market. Our multi-polar model, the determination of our teams, as well as our innovation power make me confident that we will continue to outperform and achieve another year of growth in sales and profit.”