L’Oréal celebrates "remarkable" performance as H1 sales rise

L’Oréal Group has reported a 12% increase in sales to £17.6 billion (€20.57 billion) for the first half, driven its Consumer Products and Dermatological Beauty divisions. 

Consumer Products achieved its best half-year on record, up 13.1% to £6.5 billion (€7.6 billion). This was boosted by both volume and value, alongside success from Maybelline, NYX Professional Makeup, Garnier and L’Oréal Paris.

Dermatological Beauty posted a 29.5% rise in sales to £2.7 billion (€3.2 billion), reflecting double-digit growth from all brands. In particular, La Roche-Posay maintained its "strong" momentum.

Professional Products saw sales increase 6.9% to £1.9 billion (€2.3 billion), helped by growth at Kérastase and L’Oréal Professionnel.

L’Oréal Luxe sales lifted 6.1% to £6.1 billion (€7.2 billion), driven by Yves Saint Laurent, Prada and Valentino across fragrance, L’Oréal Luxe and Lancôme in skincare, and Urban Decay in makeup.

The group also reported growth in all regions, with "particularly impressive" sales momentum in Europe at 16.6% and recovery in mainland China.

Nicolas Hieronimus, CEO of L'Oréal, said: "In a beauty market that is more dynamic than ever, L’Oréal delivered a remarkable performance and further strengthened its global leadership in the first half.

"Growth was broad-based across all divisions, regions, categories, and channels, once again vindicating our balanced, multi-polar model. We improved our profitability, all while significantly increasing investment in our brands.

"In an economic context that is still uncertain, we remain ambitious for the future, optimistic about the outlook for the beauty market, and confident in our ability to keep outperforming the market and achieve in 2023 another year of growth in sales and profits."