Stock Groups

Luxury demand lifts L’Oreal’s third-quarter sales -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – A L’Oreal logo can be seen in the office of the company at Levallois-Perret near Paris on May 7, 2021. REUTERS/Christian Hartmann

PARIS (Reuters). L’Oreal reported Thursday a stronger-than-expected growth in revenue for the third quarter, thanks to strong sales of its luxury brands.

French-owned brands Lancome and Armani make their cosmetics. The group reported 13.1% growth in sales from July through September.

This was better than the consensus forecasts of analysts, cited by Deutsche Bank (DE) Around 8%

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses as a result.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]