L’Oréal (ENXTPA: OR) 1Q19 Update: Sales Growth Led by Luxe and Active Cosmetics Divisions, Plus New Markets

Executive Summary

• L’Oréal reported 1Q19 sales of €6 billion, an 11.4% increase on a reported basis, or 7.7% growth on a comparable basis.
• By division, professional products achieved 4.8% sales growth, consumer products was up 7.0%, L’Oréal Luxe was up 19.0% and active cosmetics was up 14.1%, all based on reported figures.
• By geography, sales rose 19.5% in New Markets, 9.2% in North America and 2.1% in Western Europe. Asia Pacific was the best performing, growing 30.4%.
• Management believes the company will outperform the market in 2019 and see another year of growth, despite a volatile economic environment.