L’Oreal SA sales climbed as the cosmetics giant benefited from higher demand for its luxury products, weathering COVID-19 restrictions in China.
Sales rose almost 14 percent on a like-for-like basis in the first quarter of this year, the French company said late on Tuesday, beating analyst estimates.
Three of the four main divisions grew by double-digit percentages.
The luxury unit, which includes skincare brands like Helena Rubinstein and Yves Saint Laurent perfume, grew by almost 18 percent. Total sales at the premium unit surpassed the mass-market consumer products business for the first time last year. The latter unit grew 6.9 percent
At its meeting on February 22, 2022, Sanofi’s Board of Directors has decided to propose, on the occasion of its next General Shareholder Meeting to be held on May 3, 2022, the renewal of the mandates of Paul Hudson, Christophe Babule, Patrick Kron and Gilles Schnepp and the appointment of Carole Ferrand, Emile Voest and Antoine Yver as independent Directors. Melanie Lee and Carole Piwnica will leave the Board of Directors.
Investegate announcements from Sanofi - Aventis Groupe, Sanofi’s Board of Directors proposes the appointment of Carole Ferrand, Emile Voest and Antoine Yver as independent Directors