L’Oréal boosted by China sales

The company was clear about the positive impact that its business in China is having. Photo credit –  L’Oréal


French cosmetics giant L’Oréal has revealed strong financial results, boosted by its business in China.


Over the third quarter of 2017, the company reported a global overall sales rise of over 5 percent, when compared with the same period last year.

In a press release, the company was clear about the positive impact that its business in China is having:

”In Northern Asia, China is achieving sustained growth, driven by L’Oréal Luxe, and by the strong vitality of e-commerce sales.”

Speaking about the results, Chairman and Chief Executive Officer of L’Oréal Jean-Paul Agon said:

”The highlight of the quarter is the acceleration of our sales in the New Markets, which posted double-digit growth, with strong performances in Asia Pacific, particularly in China, but also in Latin America and Eastern Europe. Western Europe is continuing to deliver a solid performance.”   

”The growth in sales continues to be boosted by our digital lead, particularly with the sustained expansion of e-commerce sales at +31.6%.”

”These good performances strengthen our confidence in our ability to once again outperform the cosmetics market in 2017, and to achieve growth in both our sales and profits.”

Rupert Reid

Pilot and Senior Broadcast Journalist at Panda Radio. You can find him on Twitter @rupertreid

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