Strong emerging markets performance and a better-than-expected lift from the US saw L'Oreal post a 9.4 per cent climb in first quarter sales. Sales pushed higher to ?5.64bn compared to ?5.16bn a year ago.The numbers surprised Wall Street expectations, pegged at the ?5.54bn mark. L'Oreal's luxury division saw sales leap 18 per cent to ?1.32bn. L'Oreal's share price has climbed 11 per cent in the last six months; its hair care performance in the US has seen market share climb 25per cent from 20 per cent in recent years (something P&G and Unilever can't be happy about).
展开▼
