L Oreal Q1 Sales Up 5.4%
CLICHY (dpa-AFX) - Cosmetics and beauty products giant L Oreal Co. (LRLCY.PK) reported that its sales for the first-quarter rose 5.4% to 7.61 billion euros from last year.
Like-for-like, based on a comparable scope of consolidation and constant exchange rates, L Oréal group sales growth for the quarter were 10.2%. Sales growth at constant exchange rates was 11.5%. E-commerce sales growth was 47.2%.
Sales at Western Europe zone was down 2.4% like-for-like basis and down 0.1% on reported basis. Sales were again impacted by the closure of perfumeries, department stores and hair salons in several countries and the restrictions aiming to limit social interaction.
CAC 40 Inches Higher On Recovery Hopes
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks edged higher on Friday as encouraging economic data from the U.S. and China boosted hopes of a swift global economic recovery.
The spread of Covid-19 remained in focus, after France added 300 new deaths Thursday to the previous day s tally of 99,777, bringing the total to 100,077 deaths.
The benchmark CAC 40 inched up 18 points, or 0.3 percent, to 6,251 after rising 0.4 percent the previous day.
Cosmetics and beauty products giant L Oreal Co. fell nearly 2 percent despite the company posting solid sales growth in the first quarter.
Automaker Renault jumped 3 percent after industry data showed Europe s new car registrations surged in March due to last year s exceptionally low base of comparison caused by the strict Covid-19 restrictions introduced in most markets in March 2020.
European Shares Gain On Growth Optimism finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
CLICHY (dpa-AFX) - Cosmetics and beauty products giant L'Oreal Co. (LRLCY.PK) reported that its net profit attributable to owners of the company for fiscal year 2020 declined to 3.56 billion