L’Oréal Sees “Big Potential” In International Deployment Of CeraVe

L’Oréal’s nine-month financial performance was solid, with a 2.4 percent increase in sales to $22.6 billion. Changes related to company consolidation led to a net 2.2 percent drop in sales. These included the acquisition of ECosmetics (September 2016) and CeraVe (March 207), and the sale of the Body Shop. Like-for-like sales were up 4.5 percent, and currencies had a -3.5 percent impact. Active Cosmetics sales grew at better than five percent. CEO Jean-Paul Agon said the Active Cosmetics business would prosper because of strong demand for skincare products recommended by dermatologists. He also said the company next year would begin international deployment of CeraVe, “which I think has a very big potential." Company execs said they were confident sales and profit of the company overall would again outperform the cosmetics market in 2017. [Image Credit: ©   L’Oréal ]