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L’Oréal Revenue Recovers Thanks to Help From China

Lancome maker L’Oréal reported a 10.2 percent rise in comparable first-quarter sales from a year earlier.

An interior shot of a L'Oréal store in Hong Kong. Shutterstock. (Shutterstock)

Reuters

15 April 2021

Lancome maker L’Oréal on Thursday reported a stronger than expected 10.2 percent rise in comparable first-quarter sales from a year earlier, helped by strong growth in China.

The French group had begun to recover already from the worst of the COVID-19 pandemic’s hit to revenues, as retailers re-opened in much of Asia.

The pace of sales growth in the first three months of 2021 picked up further from the 4.8 percent rise notched up in the fourth quarter.

By Sarah White

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