Nicolas Hieronimus, CEO of L’Oréal. François BOUCHON/Le Figaro
Sales of the world leader in cosmetics increased almost twice as fast as the market.
«For the second year in a rowwe achieve the grand slam, rejoices Nicolas Hieronimus, CEO of L’Oréal. Across all of our divisions, geographies and product categories, our growth is outperforming the market.” Sales of the world leader in beauty jumped 10.9% last year, to 38.3 billion euros. Growth 1.8 times stronger than that of the cosmetics market. “I am particularly proud of these results”, recognizes the boss of L’Oréal. Operating profit increased by 21% to 7.5 billion, and net profit by 24.1% to 5.7 billion.
The group was able to pass on half of its cost increases in its prices, without scaring away customers. Its high-end new products have met with success, in a context where the post-Covid period has given consumers the desire to take care of themselves. “Our revenue growth is balancedassured Nicolas Jerome. A third comes from the increase in volumes, a…
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