×
98
Fashion Jobs
SHISEIDO
Manager - Talent Management, Human Resources
Permanent · Hong Kong
SHISEIDO
Senior Manager - Marketing, Shiseido And Drunk Elephant
Permanent · Hong Kong
PUMA
Specialist, IT Service Delivery
Permanent · Hong Kong
AESOP
Digital Project Manager, Asia
Permanent · Hong Kong
SHISEIDO
Senior Officer/Officer - Business Planning, Nars And Bare Minerals
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Demand And Operations Planning, Ipsa
Permanent · Hong Kong
PUMA
Garment Technician
Permanent · Hong Kong
PUMA
Senior Manager Technical Material Apparel
Permanent · Hong Kong
SHISEIDO
Manager - Retail Experience And Operations, Nars
Permanent · Hong Kong
SHISEIDO
Manager - Marketing, Shiseido Fragrance Division And dg Beauty
Permanent · Hong Kong
AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
SHISEIDO
Senior Manager, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Accounting Assistant, Finance And Accounts
Permanent · Hong Kong
LOVISA
Christmas Team Member - Telford Plaza
Permanent · KOWLOON BAY
LOVISA
Christmas Team Member - Mira Place
Permanent · TSIM SHA TSUI
LOVISA
Part Time Sales Associate - Mira Place
Permanent · TSIM SHA TSUI
PUMA
Junior Developer Fabric Apparel
Permanent · Hong Kong
AESOP
Head of Finance, Asia
Permanent · Hong Kong
H&M
Sales Advisor Full Time-又一城店
Permanent · HONG KONG
H&M
Sales Advisor Full Time-尖沙咀新港中心店
Permanent · HONG KONG
H&M
Sales Advisor Full Time-沙田新城市廣場店
Permanent · HONG KONG
H&M
Sales Advisor Full Time-荃灣廣場店
Permanent · HONG KONG
By
AFP
Published
Feb 11, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oreal sales rebound helped by China and booming online business

By
AFP
Published
Feb 11, 2021

L’Oreal, the world’s biggest cosmetics group, posted higher-than-expected revenue growth for the fourth quarter on Thursday, lifted by surging sales in China and supported by its online business during the coronavirus pandemic.


Makeup from YSL Beauty, a L'Oreal Group brand



Luxury retailers and beauty companies have had earnings dented by the closure of airport duty-free shops and high street stores, while the health crisis has changed consumer habits as people stay home and facemasks reduce demand for cosmetics.

But L’Oreal said demand for skincare products was particularly strong and it benefited from an easing of lockdowns in the second half of 2020, with the reopening of hair salons.

The French owner of the Maybelline and Lancome brands said sales reached 7.88 billion euros ($9.56 billion) in the October to December period.

That was flat from a year earlier on a reported basis but a rise of 4.8% when currency effects and acquisitions were stripped out, beating forecasts that ranged from flat to 3% growth.

The group posted a 5% drop in net profit for 2020 as a whole, at 3.75 billion euros, and said it would hike its dividend by 3.9% to 4 euros a share.

L’Oreal’s operating margins reached 18.6%, unchanged from a year earlier.

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.