L’Oreal reports 1H sales EUR 22.12B, up 7.3% like-for-like

Growth at constant exchange rates came out at +9.8%. Currency fluctuations had a negative impact of -2.3% at the end of June 2024. Reports 1H gross profit EUR 16.55B, operating profit EUR 4.6B, operating profit margin 20.8%. Commenting on these figures, Nicolas Hieronimus, CEO, said: “In the first half, we delivered strong growth of +7.3%, well-balanced between value and volume and strengthened our global leadership in a beauty market that remains dynamic. Our continued strong momentum in emerging markets, Europe and North America allowed us to more than offset the depressed beauty market in mainland China and the unfavourable comparative in Travel Retail. In this context, I am particularly pleased to see the acceleration of L’Oreal Luxe, the dynamism of Consumer Products and the continued share gains of Dermatological Beauty and Professional Products.”