L'Oreal announced positive business results during the epidemic



According to data published on April 15, the sales of the cosmetics group L'Oreal in the first quarter of 2021 exceeded the level before the epidemic  the first time.

 Specifically, in the first three months of 2021, L'Oreal Group achieved revenue of 7.6 billion euros ($9.1 billion), higher than revenue of 7.55 billion euros in the first quarter of 2019 and an increase of 5,4% over the same period last year.

L'Oreal announced positive business results during the epidemicL'Oreal Group owns the brands Maybelline, Lancome, Kiehls and Redken. / ph: L'Oreal 

 The recovery in the first quarter of 2021 is continuing thanks to Asian markets, especially China, as well as active online shopping.

 According to CEO Jean-Paul Agon, the cosmetic market continues to recover despite the medical crisis and Covid-19 preventive measures in some countries, especially in Western Europe.

 Luxury and beauty products sales increased, while sales of consumer products continued to suffer.

 L'Oreal Group owns the brands Maybelline, Lancome, Kiehls and Redken.  The group's sales began to decline when the Covid-19 pandemic broke out and in the year 2020 it fell 6.3 percent.

 Even so, the group still recorded a net income of 3.6 billion euros in 2020.

L\'Oreal announced positive business results during the epidemic

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