AFP
Oct 21, 2010
L'Oreal reports sales spurt thanks to emerging markets
AFP
Oct 21, 2010
 L'Oreal CEO Jean-Paul Agon at the company's headquarters in Dusseldorf, Germany, 29 March 2010. Photo : Corbis |
Sales totaled 4.85 billion euros (6.76 billion dollars) in the third quarter.
The company posted 14.52 billion euros in sales in the first nine months of the year, a headline increase of 11.6 percent or a 6.2 percent gain on a like-for-like basis.
"This performance confirms the clear upturn in sales recorded since the start of the year," CEO Jean-Paul Agon was quoted as saying in a statement.
The company recorded 1.8 percent like-for-like growth in the first nine months of the year in Western Europe, with 4.6 percent growth in North America and 12.4 percent growth in emerging markets.
Emerging markets accounted for 36 percent of the companies sales in the first nine months of the year.
Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.
