Luxury Division to drive L'Oréal's H1 figures

06 Sep '05

2 min read

Cosmetic company L'Oréal announced the first half results of the company.

Objective for 2005: another year of double-digit earnings per share growth
1st Half Results: In line with annual projections.

- 2nd Quarter Sales Growth: +5.4 percent
- Operating Profit: € 1,115 M, Or 15.6 percent of Sales
- Gradual Improvement In Exchange Rate Impact
- Diluted Earnings Per Share: +4.5 percent

Commenting on the results, Sir Lindsay Owen-Jones, Chairman and Chief Executive Officer of L'Oréal, stated: "The faster sales growth recorded in the second quarter should continue in the second half, in view of the more intensive programme of product launches and promotional activities. Although a single half-year's performance has limited significance, the results of the first six months are in line with our projections. In 2005, L'Oréal should once again achieve double-digit earnings per share growth".

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Strong growth continues in the United States

In North America, like-for-like sales growth amounted to +7.2 percent.

Growth was once again particularly strong in the Consumer Products Division, thanks to the success of Fructis from Garnier which is continuing its winning ways in the shampoo and styling market, a very good start for the Men Expert range from L'Oréal Paris, and the successful launches of Maybelline foundations and mascaras.

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