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L'Oréal Posts Healthy 2011 Financials, €20 Billion in Sales
Posted: February 13, 2012
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And the Africa-Middle East region achieved growth of 10.5% like-for-like. In this zone, growth is being driven by the countries of the Levant, the Gulf and Turkey, and by two recently created subsidiaries, Pakistan and Egypt. However, the situation is more contrasted in South Africa. All divisions are contributing to the dynamism of this expansion.
Also in 2011, The Body Shop achieved solid sales growth at 4.2% like-for-like, with a sharp acceleration in the in the fourth quarter. Retail sales also increased by 3.8%. In 2011, The Body Shop achieved growth in Europe and North America and quickly expanded in the new markets. The brand experienced strong growth in the Middle East, particularly in Saudi Arabia and Egypt, as well as in Asian countries such as India and Hong Kong, and in Eastern Europe. The brand now has 16 online stores and is continuing to grow at an accelerated rate in e-commerce. Finally, The Body Shop now has a robust presence in global travel retail outlets across 44 markets. At the end of 2011, The Body Shop has a total of 2,748 stores, an addition of 143 since December 31, 2010.
And Galderma's sales increased by 8.4% like-for-like and 17.1% based on reported figures. Galderma confirmed its dynamism thanks to the success of its innovative products, which offset the negative impact of generics on the sales of Differin 0.1% gel and cream (acne) in the United States and Loceryl lacquer (onychomycosis) in Europe. The expansion of Galderma in the new markets such as Brazil, Russia, and the Asian countries has contributed to this solid growth. Good performances in Germany and the United Kingdom are also worth noting. Galderma continued to invest in R&D and manufacturing, thus assuring its strategic development in the three key segments: prescription products, OTC products, and aesthetic and corrective medical solutions.