L'Oréal: net income group share up 8.8%
(CercleFinance.com) - Announced on Thursday evening, L'Oréal's reached 26.
94 billion euros at 31 December 2018, up 3.5% as reported and up 7.1% like-for-like.
In addition, the gross margin, at 19.61 billion euros, stands at 72.8% of sales, compared to 18.67 billion euros and 71.7% respectively in 2017. The group's operating profit reached 4.92 billion euros, or 18.3% of sales, up 30 basis points.
Meanwhile, net income group share of continuing operations excluding non-recurrent items amounted to 3.99 billion euros, up +6.4%, and +10% at constant exchange rates. Finally, net income group share improved by +8.8% to 3.9 billion euros.
"In an economic context that remains volatile and uncertain, we are confident, thanks to our innovations, powerful brands, digital excellence and in particular our outstanding teams all over the world, that we can pursue our corporate social responsibility commitments, outperform the beauty market in 2019 and achieve another year of growth in both sales and profits," said Jean-Paul Agon, Chairman and Chief Executive Officer.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
94 billion euros at 31 December 2018, up 3.5% as reported and up 7.1% like-for-like.
In addition, the gross margin, at 19.61 billion euros, stands at 72.8% of sales, compared to 18.67 billion euros and 71.7% respectively in 2017. The group's operating profit reached 4.92 billion euros, or 18.3% of sales, up 30 basis points.
Meanwhile, net income group share of continuing operations excluding non-recurrent items amounted to 3.99 billion euros, up +6.4%, and +10% at constant exchange rates. Finally, net income group share improved by +8.8% to 3.9 billion euros.
"In an economic context that remains volatile and uncertain, we are confident, thanks to our innovations, powerful brands, digital excellence and in particular our outstanding teams all over the world, that we can pursue our corporate social responsibility commitments, outperform the beauty market in 2019 and achieve another year of growth in both sales and profits," said Jean-Paul Agon, Chairman and Chief Executive Officer.
Copyright (c) 2019 CercleFinance.com. All rights reserved.