PARIS (Reuters) -L'Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. The sales growth exceeded a consensus of a 6.1% rise cited by analysts at Jefferies. Sales were up 8.3% on a reported basis.
A very good start to the year High single digit rhythm maintained Sales: 11.24 billion euros, +9.4% like-for-like1, +8.3% reported.First quarter sales included a positive 130 million euro phasing impact ahead of the implementation of new IT systems in North America. Adjusted like-for-like growth amounted to a strong +8.1%.Continued outperformance in a global beauty market that remained dynamic.All Divisions grew with stellar performances from the Consumer Products and Dermatological Beauty Divis
French limited company (Société anonyme) with registered capital of 106,945,095 eurosRegistered office: 14, rue Royale, 75008 Paris632 012 100 R.C.S. ParisLegal Entity Identifier: 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights and number of sharesin the capital at March 31, 2024 Pursuant to article L-233-8 II of the French “Code de Commerce” and 223-16 of the AMF's General Regulations: Total number of shares534,725,475Number of real voting rights (excluding treasury shares)534,