L’Oréal growth despite the market uncertainty
Despite the slow growth in Western Europe L’Oréal’s sales expanded by 14 percent in Q1 2015. Sales amounted to EUR 6.44 billion. Luxury products and active cosmetics were the driving force behind the sales growth. European markets realised one third of sales. The management told that market conditions were very difficult in the first quarter, with mass product sales dropping.
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