PARIS — L’Oréal expects to achieve another year of sales and profit growth in 2012.
The French beauty giant reported Thursday that it posted first-quarter revenues of 5.64 billion euros, or $7.39 billion, up 9.4 percent versus the same prior-year period. At constant exchange rates, sales gained 7.1 percent, and on a like-for-like basis, they increased 6.4 percent.
Dollar figures are calculated at average exchange rates for the three-month period ended March 31.
The company registered increases in all of its geographic branches and product divisions.
Jean-Paul Agon, L’Oréal chairman and chief executive officer, outlined three “key facts” of the quarter during a conference call Thursday evening. The first was an acceleration of growth “compared to the end of last year and compared to every quarter of last year, which is good.” Agon noted a strong performance of the Luxe division, as well.
Lancôme, designer fragrances and Kiehl’s particularly drove that business.
“Also a very important event this first quarter [is that] for the first time in the history of L’Oréal — in 103 years — the new markets have become the first region in terms of sales of our company, which is an historical milestone,” added Agon.
New markets — including Asia and the Pacific region (which combined particularly spurred gains), Eastern Europe, Latin America, Africa and the Middle East — posted first-quarter revenues of 2.09 billion euros, or $2.74 billion, up 14.1 percent.
Sales in Western Europe rose 2.3 percent to 1.95 billion euros, or $2.56 billion, and revenues in North America grew 13.1 percent to 1.26 billion euros, or $1.65 billion.
By division, Consumer Products’ sales were 2.77 billion euros, or $3.63 billion, up 7.2 percent. Revenues at the Luxe division were 1.37 billion euros, or $1.72 billion, a 17.8 percent increase, while the Professional Products division registered revenues of 755.6 million euros, or $989.5 million, a 5.6 percent gain. And the Active Cosmetics division’s sales increased 5.3 percent to 468.6 million euros, or $613.6 million.
Revenues at The Body Shop grew 6.4 percent to 180.4 million euros, or $236.2 million, while L’Oréal’s Dermatology business generated sales of 153.5 million euros, or $201 million, an 18.4 percent uptick.
Looking ahead at full-year 2012, Agon said, “Our ambition is to be above the growth of the market.”
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty