(CercleFinance.com) – The Group’s turnover reached 30.57 billion euros as of September 30, 2023 based on published data, representing growth of +9.4%. On a like-for-like basis, i.e. at the same structure and exchange rate, the group’s turnover growth was +12.6%.
At the end of September, the Professional Products Division posted growth of +8.0% on a comparable basis and +5.1% as reported. The Consumer Products Division performed well over the first nine months, with growth of +14.5% on a comparable basis and +10.8% as reported. Over the first nine months of the year,
L’Oréal Luxe achieved growth of +6.1% on a comparable basis and +2.9% as reported. The Dermatological Beauty Division recorded growth of +28.7% on a comparable basis and +27.3% on a reported basis.
Nicolas Hieronimus, Chief Executive Officer of L’Oréal, said: ‘Despite the slower than expected recovery of the beauty market in mainland China and the reset of Asian Travel Retail, L’Oréal continued to grow at a steady pace. high, greater than 10%. In an uncertain economic and geopolitical context, we remain confident in our ability to outperform the market and achieve another year of growth in turnover and results in 2023. ‘