10.25.21
L’Oréal has reported strong results for the third quarter of 2021 and the first nine months of the year ended September 30, 2021.
The group’s sales increased by +9.3% like-for-like over two years, compared with the first nine months of 2019, with a remarkable acceleration in the third quarter. All divisions increased their growth over two years quarter after quarter.
Group sales for the third quarter were $9.3 billion, an increase of 13.1% compared to the previous year on a like-for-like basis.
All zones and all divisions grew and contributed to the group’s well-balanced growth.
In the third quarter of 2021 the Professional Products division grew 10.3%; Consumer Products grew 3.2%; L’Oréal Luxe grew 20.7%; and Active Cosmetics grew 13.1%.
“The US recovery is confirmed, and mainland China has sustained strong quarterly growth over two years, despite a few upheavals in the summer. We have maintained an offensive product launch strategy, and our performance is evidence of our brands’ desirability and of consumer demand for cutting-edge innovations. While in-store sales have recovered, e-commerce continues to grow rapidly and accounts for 26.6% of sales,” said Nicolas Hieronimus, chief executive officer of L'Oréal.
Hieronimus continued, “Our performance in the third quarter strengthens our ambition to outperform the market and achieve a year of growth in both sales and profits.”
The group’s sales increased by +9.3% like-for-like over two years, compared with the first nine months of 2019, with a remarkable acceleration in the third quarter. All divisions increased their growth over two years quarter after quarter.
Group sales for the third quarter were $9.3 billion, an increase of 13.1% compared to the previous year on a like-for-like basis.
All zones and all divisions grew and contributed to the group’s well-balanced growth.
In the third quarter of 2021 the Professional Products division grew 10.3%; Consumer Products grew 3.2%; L’Oréal Luxe grew 20.7%; and Active Cosmetics grew 13.1%.
“The US recovery is confirmed, and mainland China has sustained strong quarterly growth over two years, despite a few upheavals in the summer. We have maintained an offensive product launch strategy, and our performance is evidence of our brands’ desirability and of consumer demand for cutting-edge innovations. While in-store sales have recovered, e-commerce continues to grow rapidly and accounts for 26.6% of sales,” said Nicolas Hieronimus, chief executive officer of L'Oréal.
Hieronimus continued, “Our performance in the third quarter strengthens our ambition to outperform the market and achieve a year of growth in both sales and profits.”
