Sales at 30 September 2022
Strong growth, sustained pace: +20.5% reported, +12.0% like-for-like 1
Sales: 27.94 billion euros
+20.5% based on reported figures
+12.4% at constant exchange rates
+12.0% like-for-like 1
Significantly outperforming the global beauty market
Growth in all Divisions and all Zones
Very positive impact of foreign exchange of +8.1%
In the third quarter, growth pace still above +20% compared to 2019 Commenting on the figures, Nicolas Hieronimus, CEO of L'Oreal, said: 'In a context of unprecedented volatility, marked by the public health restrictions in China and inflation in the Western world, L'Oreal achieved a very solid quarter, continuing at a steady pace of growth compared to 2019. Benefiting from its rebalancing strategy, particularly in terms of geographic footprint, at the end of September the Group reported strong growth of +20.5%, with a significant positive impact of foreign exchange, and +12.0% like-for-like.
The global beauty market remained dynamic, and consumers' appetite for beauty products is intact. The combination of a robust business model, agility and the commitment of its teams across the world allowed
L'Oreal to again significantly outperform the market and strengthen its position as the world's No.1 beauty company.
The other Zones achieved double-digit growth, with a significant leap in emerging markets (SAPMENA-SSA, Latin America) and remarkable performance in Europe. Growth is also balanced across Divisions, each of which outperformed its market. The Consumer Products Division has continued to accelerate since the beginning of the year and our three selective Divisions recorded double-digit growth over the first nine months. The performance of L'Oreal Luxe was temporarily impacted by a number of factors in the third quarter (repeated lockdowns in China and Hainan, and anticipated Travel Retail invoicing in the second quarter). Nevertheless, the Division reaccelerated in September and reached record market share in mainland China in the third quarter.
The Group is benefiting from its valorisation strategy, rolled out at the start of the year, the effects of which are accelerating particularly in Europe and North America.
In line with our dual ambition of achieving economic and societal excellence, we are proud to have been awarded the Platinum medal by EcoVadis, which ranked L'Oreal in the world's top 1% of best companies in terms of environmental and social performance. Our efforts were also recognised by Refinitiv, with L'Oreal again included in its global Diversity & Inclusion Top 100.
Despite the current uncertainties, we remain confident in the outlook for the global beauty market, which has again confirmed its resilience; confident in our power to innovate and confident in our ability to outperform the market and achieve another year of growth in sales and profits in 2022.'
About L'Oreal
For over 100 years, L'Oreal the world's leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose - to create the beauty that moves the world - defines our approach to beauty as inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 35 international brands and ambitious sustainability commitments in our L'Oreal For The Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.
With 85,400 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, hair salons, branded and travel retail) in 2021 the Group generated sales amounting to 32.28 billion euros. With 20 research centers across 11 countries around the world, a dedicated Research and Innovation team of 4,000 scientists and over 3,000 tech professionals, L'Oreal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse.
Contact:
Mr Christian MUNICH
Tel: +33 1 47 56 72 06
Email: christian.munich2@loreal.com
L'ORÉAL 
