The group emphasized the performance of its “luxury division and categories of fragrances and hair care.”
“This growth was driven by digital transformation and strong performance in emerging markets and Europe,” it stated.
“In what has been a particularly challenging and volatile operating environment, L’Oréal began the year with growth in line with our projections,” said Nicolas Hieronimus, Chief Executive Officer (CEO) of L’Oréal, as quoted in the statement.
“There were some pleasant surprises and others less so: the U.S. was more challenging than anticipated, while China performed slightly better than expected. Europe once again was our largest contributor to growth, and emerging markets remained dynamic,” he highlighted.
