Arab Today, arab today loreal manages sales growth despite western european slowdown
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

L'Oreal manages sales growth despite western European slowdown

Arab Today, arab today

Arab Today, arab today L'Oreal manages sales growth despite western European slowdown

L'Oreal headquarters are pictured
Paris - AFP

 French cosmetics group L'Oreal said Monday it managed to record a 2.0 percent gain in third quarter sales despite a soft performance in Western Europe and a drop in the mass market segment.
Group sales hit 5.39 billion euros ($6.73 billion) and the company confirmed its forecast to beat the average sales growth for the cosmetics industry, as well as to improve its operating profitability and profit per share
"In the third quarter, L'Oreal recorded low growth because of a slight contraction in the Consumer Products Division, as the mass market hit an air pocket in Western Europe," chief executive Jean-Paul Agon said in a statement.
The consumer products division saw sales slide 0.9 percent to 2.58 billion euros.
On a comparable basis, however, the 2.3 percent sales growth was the slowest this year after the 3.5 percent gain in the first quarter and 4.1 percent increase in the second.
He noted, however, there has been in the past couple of months an improvement in numerous areas including the mass market segment in the United States as well as exchange rate effects.
Nevertheless, in the third quarter currency effects had a negative 3.8 percent effect on sales
Despite the third quarter sales increase, nine-months sales were still down 0.4 percent to 16.57 billion euros on a reported basis.
Agon held out hope for a strong finish to the year, telling AFP that in the fourth quarter "growth should be the best in two years" thanks to a resumption of organic growth plus positive currency effects.
He held to his September forecast of a 3.0 to 3.5 percent increase in the global cosmetics market and said that L'Oreal would come in slightly above that.
He said the slide in the value of the euro in recent weeks was "the cherry on the cake" and that the $1.24 level hit Monday would provide a gain of 2 to 3 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today loreal manages sales growth despite western european slowdown Arab Today, arab today loreal manages sales growth despite western european slowdown

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today loreal manages sales growth despite western european slowdown Arab Today, arab today loreal manages sales growth despite western european slowdown

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday