Already have an account? Sign in.

 Remember Me | Forgot Your Password?

L'Oreal Says Sales Grew Slower In 1Q 2016; Blames Strong Euro

April 18, 2016: 12:00 AM EST
L’Oreal SA reported sales grew 1.7 percent to €6.55 billion in the first quarter of 2016, compared with the same period in the previous year. Sales growth slowed from 8.5 percent in the fourth quarter of 2015, with the strong euro offsetting increased revenues in emerging markets. Like-for-like sales grew 4.2 percent, with the next impact of changes in consolidation at 0.4 percent. According to the company, currency fluctuations had a negative impact of 2.8 percent, with sales growth at constant currency rates at 4.6 percent.
"L’Oreal First quarter 2016 sales: A SOLID FIRST QUARTER THAT FURTHER STRENGTHENS OUR CONFIDENCE", L’Oréal, April 18, 2016, © L’Oréal
Domains
PERSONAL CARE COMPANIES
L'Oreal
Geographies
Worldwide
EMEA
Europe
France
Categories
Companies, Organizations
Earnings Release
Press Release
Developed by Yuri Ingultsov Software Lab.