L’Oreal Group sold 62.7 billion yuan in the first quarter!

On April 19, Paris time, the L’Oréal Group announced its sales for the first quarter of 2022. Data show that in the first quarter, L’Oreal Group’s sales were 9.06 billion euros (about 62.699 billion yuan), a year-on-year increase of 19.0% during the reporting period.

L’Oréal reported strong growth in volumes and sales across all divisions in all regions in the first quarter. Among them, North America’s growth momentum is more prominent, and mainland China has achieved double-digit growth. Meanwhile, Premium Cosmetics, Professional Products and Active Cosmetics all posted double-digit growth.

The high-end cosmetics division performed strongly in the first quarter, achieving sales of 3.4637 billion euros (approximately RMB 23.999 billion), a year-on-year increase of 25.1% during the reporting period. The financial report shows that the high-end cosmetics segment has won market share with the advantages and complementarity of its brand portfolio. YSL, Armani Beauty, Prada and Valentino grew significantly faster than the market. Lancome consolidated its leading position in the TOP3 in mainland China and Western markets. status.

It is worth mentioning that the major brands of the popular cosmetics sector have achieved continuous growth. Among them, L’Oréal Paris has gained momentum in hair care, gaining market share in emerging markets, especially South Asia; Garnier has achieved significant growth; Maybelline New York and NYX have reinvigorated the makeup segment with the launch of mascara and portable concealer serum.

From a regional perspective, L’Oreal’s sales in all regions have achieved steady growth. Sales in Europe were 2.8545 billion euros (approximately RMB 19.778 billion), a reported increase of 15.8% year-on-year; sales in North America were 2.2039 billion euros (approximately RMB 15.27 billion), an increase of 21.5% year-on-year; sales in North Asia were 2.8018 billion euros (approximately RMB 19.423 billion), an increase of 18.0%; sales in the SAPMENA-SSA region increased by 18.7% to 681.1 million euros (approximately RMB 4.719 billion); sales in Latin America were 519.2 million euros (approximately RMB 3.597 billion yuan), an increase of 33.9%.

Although the epidemic and war have exacerbated the volatility and uncertainty of the global market, L’Oreal still delivered a substantial increase in performance in the first quarter, which is a positive signal for the cosmetics market. L’Oreal said that the group is confident in achieving further growth in sales and profits in 2022.

This is also good news for our Chinese suppliers. As consumers’ demand for cosmetics increases, more emerging color cosmetics brands will naturally appear, and we(TOPFEEL BEAUTY) can guide them to enter the color cosmetics market smoothly and win the favor of consumers because we have high-quality one-stop services and products.