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L’Oréal (EPA: OR) 1Q16 Results: A Solid Start to the Year

Executive Summary

  • L’Oréal reported 1Q16 revenue growth of 1.8%, to €6.55 billion, beating consensus of €6.48 billion.
  • L’Oréal Luxe, which grew by 4.4%, was the fastest growing division, while North America, which grew by 5.8% in reported currency, was the most dynamic geography.
  • The company expects to outperform the cosmetics market in 2016.

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