PARIS — L’Oréal’s sales dipped 0.7 percent to 4.24 billion euros, or $6.06 billion, during the third quarter versus the same prior-year period. However, on a like-for-like basis, they rose 0.8 percent.
The French beauty giant noted a strong progression in its consumer products activities and accelerated growth in new markets, especially Asia.
“Although the market remains difficult, the return to cosmetics sales growth in the third quarter is very encouraging and confirms the gradual improvement in sales we had announced,” stated Jean-Paul Agon, L’Oréal’s chief executive officer.
For the first nine months of 2009, the firm registered revenues of 13 billion euros, or $17.81 billion, a 0.7 percent gain. On a like-for-like basis, those declined 1.9 percent.
Dollar figures are converted at average exchange rates for the period.