L'Oreal 3Q Sales Rise to EUR6.1 Billion

By Anthony ShevlinFeaturesDow Jones Newswires

L'Oreal SA (OR.FR) said on Thursday that third-quarter sales rose 5.1% on a like-for-like basis, boosted by strong performance in its L'Oreal Luxe division.

The French cosmetics and consumer-products company said sales in the three-month period ending Sept. 30 were 6.09 billion euros ($7.08 billion).

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Sales in L'Oreal Luxe division, which includes brands such as Lancome and Giorgio Armani, grew 11% to EUR2.02 billion. The company's consumer-products division rose 2.3% to EUR2.82 billion.

Jean-Paul Agon, chief executive of L'Oreal, said the company expects to outperform the cosmetics market in 2017, and to achieve both sales and profit growth.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

November 02, 2017 13:32 ET (17:32 GMT)