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L'Oreal Reports Financials for Q2 2010

Posted: July 13, 2010

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The sales of the Active Cosmetics division grew by +4.7% like-for-like in the first half and +7.9% based on reported figures. There was a clear acceleration in the second quarter, particularly in Western Europe. In a worldwide market, which estimates suggest has grown slightly, the division is confirming its number one position.

At the end of June, the like-for-like sales of The Body Shop increased by +0.2%. Retail sales fell by -2.1%, but on a comparable store base, the sales trend was -2.4%.

There are sharp contrasts in retail sales trends, with on one hand very dynamic countries such as India, Russia, Indonesia and Saudi Arabia, together with on-line sales which are growing strongly, and on the other a more difficult situation in the United Kingdom, North America and Japan.

Galderma extended its leadership position in dermatology, with like-for-like sales increasing by +14.1%, reflecting balanced growth and market share gains throughout the world.

For the full financial report from L’Oreal, click here.