By
Reuters
Reuters
Published
Apr 13, 2012
Apr 13, 2012
Emerging markets boost L'Oréal Q1 sales
By
Reuters
Reuters
Published
Apr 13, 2012
Apr 13, 2012
PARIS - French cosmetics maker L'Oreal on Thursday reported 9.4 percent revenue growth for the first quarter, lifted by big-spending emerging-market consumers and renewed appetite for high-end luxury goods.
L'Oreal also said it was confident that it would outperform the market in 2012 and grow sales and profits this year.
First-quarter revenue grew 9.4 percent, to 5.64 billion euros ($7.43 billion). On a like-for-like basis the increase was 6.4 percent.
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