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.
L’Oréal has revealed interim first quarter results that show the business is continuing to grow off the back of sales of luxury and active cosmetics, while the professionals category slow up.
The professional channels and perfume shops in Italy may have hit hard times, but the Italian cosmetics market in general has pushed on despite the recession, according to the Italian cosmetics association.
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.
UK contract manufacturer Swallowfield has reported a big rise in profit for the full financial year, but sales growth is held back by tough conditions in the domestic market.
Oriflame has revealed that its profits for the fourth and final quarter as well as full year 2010 increased significantly on the back of sales gains and positive exchange rates.
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.
Switzerland-based specialty chemicals players Clariant has announced a big jump in 2Q sales, boosted by the strength of the US dollar against European currencies and weaker 2009 comparisons.
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.
McBride Plc, the UK-based manufacturer of private label personal care and household products, says that revenue for its first six months ending 31 December should beat forecasts.
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.
Henkel has reported a positive sales increase for its cosmetics and
toiletries sector although sales in North America have suffered
across all divisions.
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...
