![]() Luxury skin care gained 7%, while the market was up 2%, thanks to gains in the ultra-high-end segment with Helena Rubinstein and Lancôme Absolue, as well as the addition of Takami and Youth to the People to the portfolio. L’Oréal Luxe reportedly outperformed the buoyant prestige beauty market as a whole for the 12th year running, finishing up 18.6% at reported rates and up 10.2% like-for-like on an overall market that gained 8%. As the division continued to ramp up omnichannel and retail beyond its traditional salon focus, e-commerce and specialty retail represented 30% of its revenues. Kérastase surpassed €1 billion in sales for the first time, becoming the division’s second “billionaire brand.” The division saw sales up 32% in China, now its number-two country, and gained 50% in India. Hair care grew double digits for the division too, thanks to a premiumized offer, gaining twice as fast as the market, L’Oréal said.įor the Professional Products division, L’Oréal grew 10.1% on a market that it estimated at plus 5%. Maybelline and NYX Professional, driven by a rebound in makeup, gained 16% and 21% respectively. ![]() L’Oréal Paris - once again the world’s biggest beauty brand - gained 7% and Garnier was up 8%, thanks to its harnessing of green science and innovation. Average price increases accounted for a large part of that growth, but volumes were also up 2.6%. Hieronimus said the group’s new geographical organization, put in place during the pandemic, has allowed it to enhance coherency in each region in terms of consumer profiles and market maturity, allowing it to maximize growth and control costs better.Ĭurrency impacts had a major impact on the group’s reported numbers - more than 7%.Īll its divisions grew well in like-for-like terms: 10.1% for Professional Products, 10.2% for L’Oréal Luxe despite the turbulence of the Chinese market, Active Cosmetics at +21.9% - the division has almost doubled its sales since 2019, according to L’Oréal - and 8.3% at Consumer Products, that division’s best growth rate in 20 years.Įven in mainland China, L’Oréal’s sales rose 5.5% in a declining market, boosted by double-digit growth in e-commerce and a strong performance on Singles’ Day, according to the company.Ĭonsumer Products grew 8.3% on a global mass beauty market that was up 6% for the year, according to L’Oréal. “The L’Oréal engine is firing on all cylinders and these translate into an increase in our over-performance versus the market compared to the pre-COVID-19 period,” said chief executive officer Nicolas Hieronimus during the company’s year-end conference call in February. ![]() ![]() Its revenues in the final three months of the year alone surpassed €10 billion, the first time ever it has seen such high sales in a single quarter. Putting the unique nature of 2021 aside, 2022 saw L’Oréal register its best growth in “more than 20 years,” on a like-for-like basis and in three decades on a reported basis. Latin America: €2.38 billion, +34.1% (+18.6% like-for-like)īiggest markets: The U.S., China and France. Natural Cycles Integrates Birth Control Technology With Apple Watch
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