NEWS RELEASE 2022 HALF-YEAR FINANCIAL REPORT On 1st August 2022, L’Oréal posted its 2022 Half-Year Financial Report on the www.loreal-finance.com website in the Regulated information section. This report, available for consultation and downloading, includes: The 2022 half-year activity report;The summary consolidated financial statements at 30 June 2022;Statutory Auditors’ review report on the 2022 half-year financial information;The declaration by the person responsible for the Half-Year Financ
L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's Chief Executive Officer Nicolas Hieronimus told Reuters on Thursday. The maker of Maybelline mascara and Lancome perfumes beat expectations with 13.4% sales growth in the second quarter, tapping into a strong rebound in makeup sales as socialising resumes.
PARIS (Reuters) -Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID-19 lockdowns, as the make-up market rebounds. "Make-up is really bouncing back," L'Oreal Chief Executive Nicolas Hieronimus told Reuters in an interview, as post-pandemic socialising accelerates and people go out to parties and events. The executive, who estimates the global cosmetics market is growing at 6%, noted a return of lip glosses and "a lot of colour," which he attributed to people emerging from two "very difficult years."