L’Oréal published another stronger-than-expected start to the year.
All regions reported double-digit growth except for North Asia, due to the reduction of stock-in-trade in China at the very beginning of the year.
The group experienced balanced growth in terms of geography and business. A fully recovery for beauty product consumption in China and a gradual recovery in Chinese travel spending will further drive the group’s top-line for the rest of the year.
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Well-balanced growth
L’Oréal published another stronger-than-expected start to the year.
All regions reported double-digit growth except for North Asia, due to the reduction of stock-in-trade in China at the very beginning of the year.
The group experienced balanced growth in terms of geography and business. A fully recovery for beauty product consumption in China and a gradual recovery in Chinese travel spending will further drive the group’s top-line for the rest of the year.