Although the cosmetics giant posted strong like-for-like results, on a reported basis the company’s second quarter performance shows a big impact from a weakened Euro.
It is no industry secret that product innovation and developments in skin care and make-up are helping boost these segments, and they are aiding strong results in the US Prestige beauty industry.
For some, having a strong year in such a difficult climate may be an excuse to take it easy, but not for beauty behemoth L’Oréal as CEO Jean-Paul Agon announced the company are open to acquisitions to further strengthen this year.
Direct sales cosmetic and skin care player Nu Skin has announced a big rise in its quarterly revenues on the back of record revenues in Latin America and Asia.
Packaging firm AptarGroup posted better-than-expected Q3 results helped by strong growth in its beauty & home and closures segments; but predicts a difficult end to the year.
L’Oreal has proved it is well and truly on the road to recovery after posting double digit second quarter growth on the back of a particularly strong performance in developing markets.
Direct sales player Oriflame has announced a big increase in local sales for its second quarter, but the negative impact of currency exchange hits profits.
A significant drop in industrial production in the Euro zone, in
particular in non durable consumer goods such as cosmetics, adds to
fears of a weakening economy.
Health and beauty sales growth slowed sharply over the festive
period in the UK, according to figures released today by the
British Retail Consortium (BRC).
New Jersey-based International Flavors and Fragrances has reported
a strong increase in its third quarter sales driven by its flavors
division, but profits are hit by administration charges.
Having announced strong growth in sales and profits L'Oreal
CEO Jean-Paul Agon says that the company has never before been so
engaged in the process of considering new acquisitions.
Gillette has reported a significant rise in both quarterly sales in
profits boosted by a series of new product launches. The results
leave it in good shape for the proposed merger with P&G later
this year, reports Simon Pitman.
P&G is building on four years' of solid growth, having revealed
that its most recent quarterly results are continuing the trend and
is pointing to the proposed merger with Gillette as a means of
continuing the current momentum...
Direct sales player Oriflame has announced a significant drop in
its first quarterly profits despite a healthy increase in sales.
The results reflect last year's IPO and refinancing expenses,
reports Simon Pitman.
Estee Lauder has reported a strong first quarter, with profits
rising 23 per cent to $95 million. And like the rash of other
cosmetics companies posting good results in the last week, it is
the international markets outside of the...
Beauty giant L'Oréal has posted its nineteenth consecutive year of
double-digit growth. Battling an economic slowdown and adverse
curency movements, the group's strength in emerging markets and
product launches allowed for...
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