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First quarter 2025 sales

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L'ORÉAL
L'ORÉAL

Solid in the Storm 
Like-for-like growth of +3.5%


  • Sales: 11.73 billion euros, +4.4% reported and +3.5% like-for-like[1].

  • Sales growth benefited from the phasing related to the 2024 and 2025 IT transformation with a positive net impact of 100 million euro.

  • The Group moderately outperformed the global beauty market.

  • Sales in all Divisions grew, led by L’Oréal Luxe.

  • Fragrances and haircare remained the fastest-growing categories.

  • By region, progress was strongest in emerging markets, notably SAPMENA-SSA[2]; Europe continued to deliver robust growth.

  • L’Oréal is the only company in the world to have been awarded a CDP triple ‘A’ score for nine consecutive years. The Group was also recognised as one of the World’s Most Ethical Companies by Ethisphere for the 16th time.

Commenting on the figures, Nicolas Hieronimus, CEO of L'Oréal, said: 
“In what has been a particularly challenging and volatile operating environment, L’Oréal has started the year with growth in line with our projections. There were some good and some less good surprises: the US were more challenging than anticipated, while China was slightly better than expected. Europe was, once again, our single largest growth contributor and emerging markets remained dynamic. 
Our “Beauty Stimulus” Plan is off to a promising start thanks to innovations like Gloss Absolu from Kérastase, 
P-Tiox from SkinCeuticals, Make Me Blush from Yves Saint Laurent or Elsève Growth Booster by L’Oréal Paris. Its impact will only continue to increase as we extend these innovations into new markets and continue to launch more new products. 
In the current context, our priorities are to drive growth and manage our P&L to offset the impact of tariff hikes – with the benefit of an already very healthy gross margin. We will, of course, continue to put the right fuel behind our 37 international brands to further reinforce our global leadership. 
Consequently, I am confident that we will continue to outperform the global beauty market – which we expect to grow even amidst the current economic and geopolitical tensions – and to achieve another year of growth in sales and profit. We expect growth to accelerate progressively.”

FIRST QUARTER 2025 SALES

In the first three months, sales amounted to 11.73 billion euros, up +4.4% reported.

Like-for-like, i.e. based on a comparable structure and identical exchange rates, sales grew by +3.5%.

The net impact of changes in the scope of consolidation was +0.5%.

Growth at constant exchange rates came out at +4.0%.

Currency fluctuations had a positive impact of +0.4% at the end of March 2025. If the exchange rates on 31 March 2025, i.e., 1€=$1.0809, were extrapolated until 31 December, the impact of currency fluctuations on sales would be around -0.7% for the whole of 2025.