The world leader in cosmetics, which had returned to the path of growth in the third quarter of 2020, continues to accelerate.
Its turnover jumped 20.7% in the first half, to more than 15 billion euros, and it is 6.6% higher than its level of 2019. Nicolas Hieronimus, who succeeded Jean at the beginning of May -Paul Agon at the general management of the group, is optimistic for the rest of the year.
- Does L'Oréal's performance mean that the Covid crisis is behind you?
Unfortunately, the pandemic is not over, and many are suffering from it.
But from a business point of view, it has passed.
The global cosmetics market is picking up again (+ 11% in the first half of the year), even if it remains slightly below 2019. L'Oréal has started again with a vengeance, growing twice as fast as the market.
L'Oréal accelerates its return to growth
With growth of 8.4% in the second quarter compared to 2019, the group has regained its pre-crisis pace.
We realize the big
This article is for subscribers only.
You have 85% left to discover.
To cultivate your freedom is to cultivate your curiosity.
Keep reading your article for € 1 for 2 months
I ENJOY IT