Edition:
India

L'Oreal Reports End-September Sales Of 20.11 Billion Euros, -7,4% Like-For-Like


Thursday, 22 Oct 2020 

Oct 22 (Reuters) - L'Oreal SA ::REG-L'ORÉAL: NEWS RELEASE: "SALES AT 30 SEPTEMBER 2020".9-MONTH L'ORÉAL RETURNS TO GROWTH * SALES: 20.11 BILLION EUROS * -7,4% LIKE-FOR-LIKE.GROWTH IN Q3: +1.6% LIKE-FOR-LIKE.EXCEPTIONAL GROWTH OF ACTIVE COSMETICS DIVISION: +15.2% LIKE-FOR-LIKE.POWER AND GROWTH IN E-COMMERCE (2): 23.7% OF SALES, +61.6%.STRONG GROWTH IN MAINLAND CHINA: +20.8% LIKE-FOR-LIKE.OUR PERFORMANCE IN Q3 STRENGTHENS OUR AMBITION TO ACHIEVE LIKE-FOR-LIKE GROWTH FOR SECOND HALF, AND TO DELIVER SOLID PROFITABILITY..IMPACT OF CURRENCY FLUCTUATIONS ON SALES WOULD BE APPROXIMATELY -2.6% FOR WHOLE OF 2020.IN GEOGRAPHIC TERMS, NORTH AMERICA AND ALL OF NEW MARKETS RETURNED TO GROWTH IN THIS QUARTER, WITH REMARKABLE PERFORMANCES IN CERTAIN COUNTRIES, SUCH AS CHINA AND BRAZIL.