+5.4% based on reported figures
Significantly outperforming the market
Remarkable growth in Asia Pacific at +23.8 %
1, driven by mainland China at +37.9%
1
E-commerce growth at +47.2%
2
In spite of the health crisis and the ongoing associated measures in some countries, particularly in Western Europe, the beauty market continues to recover. Against this backdrop, L Oréal has started the year with very strong growth at +10.2% like-for-like
1 in the first quarter, significantly outperforming the market. The Group is therefore continuing its acceleration, initiated in the third quarter of 2020, and is increasing by +5.0% like-for-like compared to the first quarter of 2019.
The performance of the Professional Products, L Oréal Luxe and Active Cosmetics Divisions is remarkable, all showing double-digit growth. The Professional Products Division is posting significant growth all over the world. The growth of L Oréal Luxe is driven by the success of its skincare brands,
+5.4% based on reported figures
Significantly outperforming the market
Remarkable growth in Asia Pacific at +23.8 %
1, driven by mainland China at +37.9%
1
E-commerce growth at +47.2%
2
“
In spite of the health crisis and the ongoing associated measures in some countries, particularly in Western Europe, the beauty market continues to recover. Against this backdrop, L’Oréal has started the year with very strong growth at +10.2% like-for-like
1 in the first quarter, significantly outperforming the market. The Group is therefore continuing its acceleration, initiated in the third quarter of 2020, and is increasing by +5.0% like-for-like compared to the first quarter of 2019.
The performance of the Professional Products, L’Oréal Luxe and Active Cosmetics Divisions is remarkable, all showing double-digit growth. The Professional Products Division is posting significant growth all over the world. The growth of L’Oréal Luxe is driven by the success of its skincar
[6]. The power subdomain [7] of the Gender Equality Index in decision-making in the private sector companies is the lowest score of Luxembourg with 32.1,
ranking 17th among 28 states [8].
Luxembourg is only above the EU countries such as Estonia, Romania, Lithuania, Slovakia, Malta, Greece, Cyprus.
Despite the effort the Grand Duchy is putting to eliminate the gender inequality on political decision-making, Luxembourg has fallen down 2 steps in the
Gender Equality Index since 2005 [9] and its progress could be defined as snail’s pace compared to the other European states.
Luxembourg’s overall score has improved with an increase of 1.1 point from 69.2 in 2019 to 70.3 in 2020 and is 2.4 points above the EU score of 67.9. However, it should be reminded that this is due to Luxembourg ranking 1st (with a score of 91.8) in the core domain titled “money” of the index as a prosperous country, which increases its overall score.
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