05 - 06 June 2024 in Munich CosmeticBusiness

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20/02/2023 CosmeticBusiness

L'Oréal With Double-Digit Growth

Financial Figures Give the Group Reason for a Further Optimistic Outlook

L'Oréal closed the past financial year with a sales increase of 18.5 per cent (like-for-like 10.9 per cent). Compared to the pre-Corona year 2019, the group's total sales of 38.26 billion euros even increased by 23.4 per cent. 28 per cent of all sales were generated in e-commerce. According to the group, the largest increase was in the Active Cosmetics division, which grew by 30.6 per cent (like-for-like 21.9 per cent). CEO Nicolas Hieronimus stated, L'Oréal was able to reinforce its position as the world's leading beauty company in 2022. He is therefore optimistic for 2023 and expects further growth. Further information …

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