CLICHY (dpa-AFX) - Cosmetics and beauty products giant L'Oreal Co.(LRLCY.PK) reported that its total sales for the first-quarter 2017 rose 7.5 percent to about 7.05 billion euros from 6.55 billion euros last year. Like-for-like, i.e. based on a comparable structure and identical exchange rates, the sales growth of the L'Oréal Group was 4.2%.
The Group is continuing its acceleration in digital, both in marketing and in e-commerce, which posted 27% growth during the quarter and accounted for 6.8% of total sales.
At the end of March, the Active Cosmetics Division continued to grow, at +7.6% based on reported figures and +2.8% like-for-like.
In the Western Europe, First-quarter growth amounted to +2.8% like-for-like and +1.6% based on reported figures.
The North America Zone reported growth of +3.8% like-for-like and +11.7% based on reported figures. The strategic acquisition of CeraVe strengthens the brand portfolio and the positions of the Active Cosmetics Division.
Asia, Pacific: the Zone is growing by +7.1% like-for-like and +8.9% based on reported figures.
The company said it is confident in its ability to achieve another year of sales and profit growth in 2017.
Copyright RTT News/dpa-AFX