07.28.22
L’Oréal reported sales of €18.36 billion ($18.7 billion) for the first half of 2022, an increase of 20.9% based on reported figures.
“After two years of the pandemic, consumers confirm their desire to socialize and indulge themselves with innovative and superior beauty products, which in turn is fueling the growth of the beauty market. L’Oréal grew twice as fast as the market and has strengthened its position as the world’s No.1 beauty company,” commented Nicolas Hieronimus, L’Oréal CEO.
The Consumer Products Division posted solid growth in the first half: +8.0% like-for-like and +13.9% reported, with an outstanding second quarter at +9.1%. This performance was driven by the success of all its major brands and their product innovations.
In the first half of the year, L'Oréal Luxe recorded very strong growth of +16.4% like-for-like and +25.6% reported, again outperforming the global luxury beauty market.
The Active Cosmetics Division posted growth of +20.9% like-for-like and +28.0% reported. Building on a strengthened partnership with healthcare professionals, which is boosting the Division’s recommendation-based model, the Active Cosmetics Division grew much faster than the dermocosmetics market.
Furthermore, all geographic Zones posted double-digit growth, with strong performance in emerging markets (SAPMENA–SSA 4, Latin America) and outstanding performance in mainland China in a very challenging context, thanks to e-commerce.
“Mindful of the current uncertainties and instability, we are convinced that our unique, balanced model, our incredible innovation capacity, our strong brand portfolio, the passion and agility of our teams and our financial strength are the assets that will enable us to pursue our profitable and sustainable growth strategy,” Hieronimus continued.
He concluded, “We remain optimistic about the outlook for the global beauty market and confident in our ability to outperform in 2022 and achieve another year of growth in sales and profits.”
“After two years of the pandemic, consumers confirm their desire to socialize and indulge themselves with innovative and superior beauty products, which in turn is fueling the growth of the beauty market. L’Oréal grew twice as fast as the market and has strengthened its position as the world’s No.1 beauty company,” commented Nicolas Hieronimus, L’Oréal CEO.
Segments
At the end of June, the Professional Products Division recorded strong growth at +14.3% like-for-like and +21.7% as reported. The division continued to grow strongly in all geographic Zones, with outstanding performance in India, mainland China, North America and Germany.The Consumer Products Division posted solid growth in the first half: +8.0% like-for-like and +13.9% reported, with an outstanding second quarter at +9.1%. This performance was driven by the success of all its major brands and their product innovations.
In the first half of the year, L'Oréal Luxe recorded very strong growth of +16.4% like-for-like and +25.6% reported, again outperforming the global luxury beauty market.
The Active Cosmetics Division posted growth of +20.9% like-for-like and +28.0% reported. Building on a strengthened partnership with healthcare professionals, which is boosting the Division’s recommendation-based model, the Active Cosmetics Division grew much faster than the dermocosmetics market.
Furthermore, all geographic Zones posted double-digit growth, with strong performance in emerging markets (SAPMENA–SSA 4, Latin America) and outstanding performance in mainland China in a very challenging context, thanks to e-commerce.
“Mindful of the current uncertainties and instability, we are convinced that our unique, balanced model, our incredible innovation capacity, our strong brand portfolio, the passion and agility of our teams and our financial strength are the assets that will enable us to pursue our profitable and sustainable growth strategy,” Hieronimus continued.
He concluded, “We remain optimistic about the outlook for the global beauty market and confident in our ability to outperform in 2022 and achieve another year of growth in sales and profits.”