Global beauty giant L’Oréal announced on 20 October that total revenues for its recently ended third quarter came in at 9.58 billion euros, up 19.7 per cent.
The French company said comparable sales lifted 9.1 per cent for the three months ending 30 September, coinciding with double-digit growth in North Asia, which lifted 11 per cent during the quarter.
Likewise, sales for the first nine months of the year in North Asia increased 7.4 per cent like-for-like, and 17.5 per cent reported.
The lifting of public health restrictions in South Korea and Japan has boosted the beauty market, enabling L’Oréal to achieve double-digit growth in the third quarter, strengthening its position in these countries, the company concluded. However, prior to the eased restrictions, North Asia proved to be stuck in a challenging market condition.
