PARIS — L’Oréal’s fourth-quarter sales rose 8.5 percent, bolstered by its Luxe and Active Cosmetics Divisions, the French beauty giant said Thursday.
Revenues in the three months ended Dec. 31 reached 5.97 billion euros, or $7.46 billion. On a like-for-like basis, they advanced 4.9 percent.
“As anticipated and announced, L’Oréal recorded in the fourth quarter its strongest growth of the year,” stated Jean-Paul Agon, the company’s chairman and chief executive officer. “L’Oréal Luxe and Active Cosmetics achieved very good growth and outperformed their market significantly. The Professional Products Division continued to improve. Meanwhile, in a slowing market, the Consumer Products Division saw a temporary sag in its growth, particularly in the United States.”
Net profits at L’Oréal in 2014 increased 66 percent year-on-year to 4.910 billion euros, or $6.53 billion, due to the disposal of Galderma resulting in a capital gain of 2.1 billion euros, or $2.79 billion.
Sales in the 12 months rose 1.8 percent to 22.53 billion euros, or $29.96 billion. In like-for-like terms, revenues gained 3.7 percent.
Dollar figures are calculated at average exchange for the periods to which they refer.
Agon said that 2014 “was also a year of transformation for L’Oréal, in particular through the acceleration of our digital transformation and strategic acquisitions such as Magic, NYX, Decléor, Carita and Niely.”
Agon said L’Oréal is focused on outperforming the market and delivering sales and profit growth in 2015.
The company released its results after the Paris bourse shut on Thursday.