L'Oreal Posts Strong Revenue Growth In 1Q 2017

L’Oreal SA said revenue jumped 8 percent to €7.05 billion in the first quarter of 2017, boosted by strong sales in the Asian and North American markets. According to the French cosmetics and personal care products company, sales of luxury products also drove the revenue growth during the period. Like-for-like sales rose 4.2 percent, with net impact of changes on consolidation at 0.9 percent, the company added. Growth at constant currency exchange rates was at 5.1 percent, with currency changes positively impacting revenue at 2.4 percent.