Company News, Financial News

Sales Flat at L’Oréal Through Two

New market gains and North America is improving.

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By: TOM BRANNA

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L'Oréal's first half sales declined 0.2% in the first half, profitability rose 30 basis points and the company was pleased to report double-digit gains in the Luxe and Active Ingredients divisions. First half sales were E13.39 billion ($15.57 billion at current exchange rates), which represents a 6.6% gain on a like-for-like basis and a 7% increase at constant exchange rates. “In a beauty market which remains dynamic and is becoming more premium, L'Oréal is continuing t...

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