L'Oreal's First-Quarter Sales Up 8% on Asia, North America

By Noemie Bisserbe Features Dow Jones Newswires

L'Oreal SA (OR.FR) reported first-quarter revenue rose 8%, boosted by strong sales in Asia and North America.

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The French cosmetics and consumer products company said Tuesday that accelerating sales of its luxury products helped boost revenue to 7.05 billion euros ($7.5 billion) in the three months through March, from EUR6.55 billion a year earlier.

"In an environment that remains volatile, our well-balanced business model is now, more than ever, an asset," said Chief Executive Jean-Paul Agon, adding, "We are confident in our ability to achieve another year of sales and profit growth in 2017."

-Write to Noemie Bisserbe at noemie.bisserbe@wsj.com

PARIS--L'Oreal SA (OR.FR) on Tuesday reported that first-quarter revenue rose 8%, boosted by strong sales in Asia and North America.

The French cosmetics and consumer products company said accelerating sales of its luxury products helped bolster revenue to 7.05 billion euros ($7.52 billion) in the three months through March, from EUR6.55 billion a year earlier.

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"In an environment that remains volatile, our well-balanced business model is now more than ever an asset," said Chief Executive Jean-Paul Agon. "We are confident in our ability to achieve another year of sales and profit growth in 2017."

Write to Noemie Bisserbe at noemie.bisserbe@wsj.com

(END) Dow Jones Newswires

April 19, 2017 02:18 ET (06:18 GMT)