L’Oréal: News Release: “First Quarter 2022 Sales”

NEWS RELEASE                      Clichy, 19 April 2022 at 6.00 p.m.             First Quarter 2022 Sales Sustained progress tempo at +13.5% 1 in an unstable context Very sturdy reported progress: +19.0% Sales: 9.06 billion euros +13.5% like-for-like 1+13.9% at fixed change charges+19.0% based mostly on reported figures Significantly outperforming the market Balanced progress, by Division and Zone Strong upswing in brick-and-mortar gross sales: +15.5% 1 Commenting on the figures, Nicolas Hieronimus, CEO of L’Oréal, stated:  “ Against the backdrop of the invasion of Ukraine and strengthened sanitary measures in China, L’Oréal had a robust first quarter, with sturdy progress in gross sales, at +13.5% like-for-like and +19.0% reported. In the primary three months of the 12 months, the expansion pattern continued within the world magnificence market, with client buying behaviour unaffected by inflation. L’Oréal pursued its premiumisation and innovation technique and continued to outpace the wonder market throughout all Zones and Divisions, recording sturdy progress by quantity and worth. L’Oréal Luxe, Professional Products and Active Cosmetics all achieved double-digit progress, and our Consumer Products Division once more outperformed the market regardless of supply-chain challenges. We made probably the most of our omnichannel technique, with a transparent revival in offline gross sales whereas e-commerce 2 continued to develop, representing 25.8% of gross sales. Our progress was balanced throughout all geographic Zones, with continued excellent momentum in North America, double-digit progress in mainland China, and an acceleration in rising markets in addition to in Europe, the place progress was muted by a variety of lockdowns in early 2021. In these difficult occasions following the invasion of Ukraine, I want to specific our assist for all our Ukrainian staff, whose safety stays our absolute precedence. Thanks to the unrelenting efforts of our groups the world over, we’ll pursue our technique of harnessing cutting-edge innovation and funding to drive the expansion of our manufacturers and improve their desirability going ahead. While aware of volatility and uncertainty, we stay optimistic concerning the outlook for the wonder market and assured in our skill to outperform the market in 2022 and obtain one other 12 months of progress in gross sales and income.” FIRST QUARTER 2022 SALES Like-for-like, i.e. based mostly on a comparable scope of consolidation and fixed change charges, the expansion of L’Oréal group gross sales was +13.5%.The web influence of adjustments within the scope of consolidation was +0.4%.Growth at fixed change charges amounted to +13.9%.Currency fluctuations had a optimistic influence of +5.1%. By extrapolating the change charges as of 31 March 2022, i.e. with €1 = $1.109 up till 31 December, the influence of foreign money fluctuations on 2022 full-year gross sales can be round +4.4%.Based on reported figures, the Group’s gross sales, at 31 March 2022, amounted to 9.06 billion euros, a rise of +19.0%. Sales by Division and Geographic Zone   Quarterly gross sales Evolution €m 1st quarter 2021 1st quarter 2022 Like-for-like Reported  By Division         Professional Products 848.3 1,041.3 +17.6% +22.7% Consumer Products 2,973.3 3,302.9 +6.9% +11.1% L’Oréal Luxe 2,769.7 3,463.7 +17.5% +25.1% Active Cosmetics 1,023.3 1,252.7 +18.0% +22.4%           Group Total 7,614.5 9,060.5 +13.5% +19.0%  By geographic Zone         Europe 2,465.0 2,854.5 +16.4% +15.8% North America 1,813.6 2,203.9 +12.6% +21.5% North Asia 2,374.4 2,801.8 +9.4% +18.0% SAPMENA – SSA 3 573.8 681.1 +15.8% +18.7% Latin America 387.8 519.2 +22.2% +33.9%           Group Total 7,614.5 9,060.5 +13.5% +19.0%          Summary by Division PROFESSIONAL PRODUCTS At the top of March, Professional Products recorded sturdy progress, at +17.6% like-for-like and +22.7% reported. The Division maintained stable momentum in all geographic Zones, with excellent efficiency within the United States, Germany, India and mainland China. It efficiently capitalised on its omnichannel technique, with an acceleration of in-salon gross sales, sustained progress throughout the SalonCentric community within the United States, and a pointy enhance in e-commerce gross sales.Haircare was nonetheless the principle progress driver, largely due to Serie Expert by L’Oréal Professionnel and Prescriptions by Redken. Kérastase continued its spectacular upward pattern, with the profitable launch of Chroma Absolu one of many essential highlights. The excellent efficiency in hair color was largely because of the sustained progress of Shades EQ by Redken, and Inoa and Dialight by L’Oréal Professionnel. CONSUMER PRODUCTS The Consumer Products Division continued to develop within the first quarter, at +6.9% like-for-like and +11.1% reported. The Division recorded a really optimistic begin to the 12 months in Europe and within the United States, regardless of provide difficulties. In Latin America and SAPMENA – SSA, the Division achieved standout efficiency, whereas in North Asia it was penalised by the slowdown of some e-commerce gamers in mainland China. By channel, the acceleration of the Division was pushed by the sturdy upswing in brick-and-mortar gross sales, whereas e-commerce continued to develop. Thanks to a robust deal with profitable improvements and the premiumisation technique put in place, all main manufacturers continued to develop. L’Oréal Paris loved sturdy momentum in haircare, with the excellent success of Hyaluron Plump, and in make-up, with True Match serum. The model additionally gained extra floor in rising markets and particularly in South Asia, with the launch of Glycolic Bright. Garnier confirmed a big acceleration in skincare, buoyed by the worldwide success of Fast Bright and its Vitamin C Brightening Serum. Both Maybelline New York and NYX Professional Makeup revitalised the make-up class, with extremely profitable launches for Colossal Curl Bounce mascara and Bare With Me Concealer Serum. L’ORÉAL LUXE Posting a robust first quarter, with like-for-like progress of +17.5% like-for-like and +25.1% reported,  L’Oréal Luxe outperformed the worldwide luxurious magnificence market.L’Oréal Luxe achieved balanced progress throughout geographic Zones. At the top of March, the Division held a historic market share in North Asia and, furthermore, outperformed a dynamic market in North America. L’Oréal Luxe additionally recorded a superb first quarter in Europe.The Division gained market share due to the power and complementarity of its model portfolio. The couture manufacturers Yves Saint Laurent, Giorgio Armani, Prada and Valentino grew considerably quicker than their markets. Lancôme consolidated its management in mainland China and its place among the many Top 3 within the Western world.In a really dynamic perfume market, L’Oréal Luxe strengthened its lead with the success of ‘blockbuster’ status merchandise for men and women, in addition to fast progress in assortment fragrances reminiscent of Maison Margiela Replica and Armani Privé. In skincare, the Division’s efficiency was pushed by the ultra-premium section, together with Lancôme Absolue and Helena Rubinstein, with newly acquired manufacturers Takami and Youth to the People displaying actual promise. Shu Uemura and Urban Decay recorded sturdy progress in make-up.    ACTIVE COSMETICS At the top of March, the Division recorded sturdy progress of +18.0% like-for-like and +22.4% reported. The Active Cosmetics Division outpaced the worldwide dermocosmetics market, gaining market share in every Zone. All Zones achieved double-digit progress, with an distinctive efficiency in North America and in SAPMENA – SSA. Online gross sales progress continued whereas brick-and-mortar retailers noticed a pointy upswing, pushed by skilled channels.The manufacturers continued to construct on their partnership with healthcare professionals. La Roche-Posay’s sturdy efficiency was fuelled by the continued success of Cicaplast and Effaclar and boosted by the launch of its breakthrough innovation: UVmune solar safety. Underpinned by a stable efficiency final 12 months, CeraVe maintained excellent momentum in all Zones. Growth at Vichy was fuelled by Dercos and a stable efficiency in sunscreens. Summary by geographic Zone EUROPE The Zone achieved progress of +16.4% like-for-like and +15.8% reported.The European market was buoyant within the first quarter, returning to pre-pandemic ranges, pushed by sturdy progress within the perfume and make-up classes. The on-line gross sales channel was barely down in contrast with a excessive baseline a 12 months earlier, nonetheless displaying a transparent enchancment over a two-year interval. L’Oréal continued to outperform the market on this channel within the first quarter.There was sustained gross sales progress in most nations, and particularly within the United Kingdom, Spain and Italy.The Consumer Products Division continued to develop due to market-share good points in make-up. L’Oréal Luxe took full benefit of its main place in fragrances. The Active Cosmetics Division considerably outperformed the market. The Professional Products Division maintained momentum throughout all main manufacturers.    The Group’s actions in Ukraine have been placed on maintain on 24 February, following the invasion. In Russia, the Group has quickly closed all its personal shops and e-commerce websites and suspended all industrial and media investments. In accordance with European and American sanctions, it has quickly suspended the gross sales of all merchandise besides important each day merchandise. NORTH AMERICA The Zone grew by +12.6% like-for-like and 21.5% reported. Acceleration continued regardless of the persistence of provide chain constraints. The ongoing deal with improvements, funding in progress drivers and enchancment in valorisation throughout all Divisions additionally boosted quarterly efficiency. By channel, e-commerce continued to develop and brick-and-mortar gross sales bounced again strongly.The Consumer Products Division continued to develop with the success of consumer-centric innovation pillars throughout all classes. Makeup was again as the highest progress contributor, gaining market share. A powerful perfume portfolio continued to drive L’Oréal Luxe share good points. The Professional Products Division grew in salons and within the SalonCentric channel, and skilled super progress on-line. The Active Cosmetics Division continued to develop strongly.   NORTH ASIA At the top of March, the Zone was up +9.4% like-for-like and +18.0% reported. L’Oréal considerably outperformed the market regardless of a number of headwinds because of the Covid-19 pandemic. In February, Hong Kong skilled vital disruption because of a brand new wave of infections. In March, a number of Chinese cities have been in strict lockdown and journey restricted, which weighed in the marketplace.L’Oréal Luxe achieved sturdy market-share good points, due to the success of premium skincare and a spectacular efficiency in perfume, an rising class within the Zone. The rebound of make-up and the breakthrough in premium haircare contributed to the efficiency of the Consumer Products Division. Active Cosmetics recorded sturdy progress underpinned by its scientific and medical roots. The Professional Products Division grew strongly, each in salons and on-line. With double-digit progress in mainland China, L’Oréal continued to outperform the wonder market due to profitable campaigns for Chinese New Year, Valentine’s Day and Women’s Day. The Group additional strengthened its lead within the nation, gaining market share on-line and offline. In Hainan, L’Oréal outperformed the Travel Retail market, which remained very dynamic.Performance in South Korea was pushed by sturdy magnificence market progress whereas Takami, L’Oréal’s newest Japanese acquisition, fuelled gross sales progress in Japan. SAPMENA – SSA 4 The SAPMENA Zone grew by +15.8% like-for-like and +18.7% reported.As markets reopened worldwide borders and relaxed public well being measures, L’Oréal achieved an excellent quarterly efficiency in SAPMENA, with a robust restoration in South-East Asia and in South Asia, and robust efficiency in India and Gulf nations. There was additionally a stable upswing for brick-and-mortar retailers and ongoing progress in on-line gross sales. The Consumer Products Division noticed a restoration within the make-up class. L’Oréal Luxe accelerated in fragrances, which turned the most important class for the Division. Professional Products progress was led by salon reopenings, driving gross sales in each haircare and color. Active Cosmetics achieved sturdy double-digit progress in all markets.In Sub-Saharan Africa (SSA), L’Oréal recorded notable efficiency in South Africa and Kenya. Active Cosmetics achieved distinctive progress. L’Oréal Luxe posted excellent progress, pushed by ongoing momentum in each girls’s and males’s fragrances. The Consumer Products Division skilled a transparent restoration in make-up. LATIN AMERICA The Zone recorded very sturdy progress of +22.2% like-for-like and +33.9% based mostly on reported figures. In the primary quarter of 2022, the wonder market continued to develop in all main nations, with a very sturdy restoration in Mexico in contrast with the primary quarter of 2021.In this context, L’Oréal achieved an excellent efficiency in Mexico and Chile, whereas Brazil noticed sturdy progress. The Consumer Products Division made vital market share good points. L’Oréal Luxe and Active Cosmetics reaffirmed their No.1 place. The Professional Products Division additionally recorded a stable efficiency as shoppers are returning to salons.L’Oréal loved sturdy progress in all main classes, most notably in haircare, skincare and fragrances, pushed by its superior improvements in addition to the attraction of its iconic manufacturers and merchandise. Brick-and-mortar gross sales grew strongly whereas e-commerce gross sales continued to be very dynamic, due to the continued deal with digital client connection and on-line activation. IMPORTANT EVENTS DURING THE PERIOD 1/1/22 TO 31/3/22 On 9 February 2022, the Board of Directors of L’Oréal cancelled, efficient as of 10 February 2022, the 22,260,000 L’Oréal shares repurchased from Nestlé, in accordance with the Board’s selections on 7 December 2021. As of 10 February 2022, L’Oréal’s capital is shaped by 535,412,372 shares with equal voting rights.On 22 February, L’Oréal joined forces with greater than 30 private care corporations {and professional} associations to kind the EcoBeautyRating Consortium. The purpose is to develop an industry-wide environmental influence evaluation and scoring system for cosmetics merchandise.On 25 February, David Greenberg was appointed CEO of L’Oréal USA, President of North America Zone, and member of the Executive Committee.On 3 March, for the fifth 12 months in a row, L’Oréal was among the many prime 20 most gender-equitable corporations on the earth in Equileap’s Global Gender Equality Ranking. The Group is once more No.1 in France. The analysis examined 3,895 corporations, representing 102 million staff globally, on gender equality throughout 23 nations based mostly on 19 in-depth standards. On 11 March, L’Oréal acquired a Long-Term Issuer credit standing from Standard and Poor’s, and an Issuer Rating of Aa1 from Moody’s. The outlooks assigned to the scores by each companies are “Stable”. On 22 March, L’Oréal introduced that it had efficiently priced its inaugural public bond offering5, together with a sustainability-linked tranche, for an mixture nominal worth of three billion euros. The new issuance was very nicely acquired by the market, with complete demand of 10.7 billion euros, simply over 3.5 occasions the mixed complete of the providing.  On 17 March, the 2021 Universal Registration Document was filed with the Autorité des Marchés Financiers. It is made out there to the general public in line with the phrases of the rules in drive and could also be seen on the www.loreal-finance.com web site. On 21 March, L’Oréal marked International Fragrance Day by saying a strategic partnership in magnificence with main neurotech firm EMOTIV. The initiative goals to assist shoppers discover the proper perfume, personalised to suit their preferences, by combining an EMOTIV neurotech machine with proprietary L’Oréal scents and algorithms. Created along with EMOTIV by L’Oréal’s Technology Incubator, luxurious model Yves Saint Laurent and a crew of perfume specialists, the distinctive perfume session expertise connects neuro responses to perfume preferences via a multi-sensor EEG-based headset. “This information launch doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase L’Oréal shares. If you want to receive extra complete details about L’Oréal, please check with the general public paperwork registered in France with the Autorité des Marchés Financiers, additionally out there in English on our Internet website www.loreal-finance.com. This information launch could comprise some forward-looking statements. Although the Company considers that these statements are based mostly on cheap hypotheses on the date of publication of this launch, they’re by their nature topic to dangers and uncertainties which may trigger precise outcomes to vary materially from these indicated or projected in these statements.” This is a free translation into English of the information launch issued within the French language and is offered solely for the comfort of English-speaking readers. In case of discrepancy, the French model prevails. About L’OréalFor over 110 years, L’Oréal, the world’s main magnificence participant, has devoted itself to 1 factor solely: fulfilling the wonder aspirations of shoppers around the globe. Our function, to create the wonder that strikes the world, defines our method to magnificence as inclusive, moral, beneficiant and dedicated to social and environmental sustainability. With our broad portfolio of 35 worldwide manufacturers and bold sustainability commitments in our L’Oréal for the Future programme, we provide each particular person around the globe the very best when it comes to high quality, efficacy, security, sincerity and accountability, whereas celebrating magnificence in its infinite plurality. With 85,400 dedicated staff, a balanced geographical footprint and gross sales throughout all distribution networks (e-commerce, mass market, department shops, pharmacies, hair salons, branded and journey retail), in 2021 the Group generated gross sales amounting to 32.28 billion euros. With 20 analysis facilities throughout 11 nations around the globe and a devoted Research and Innovation crew of over 4,000 scientists and three,000 tech professionals, L’Oréal is concentrated on inventing the way forward for magnificence and turning into a Beauty Tech powerhouse. More info on https://www.loreal.com/en/mediaroom L’ORÉAL CONTACTS Switchboard+33 (0) 1 47 56 70 00 Individual Shareholders and Market Authorities Mr Christian Munich+33 (0)1 47 56 72 [email protected] Investor relationsMs Françoise Lauvin+33 (0)1 47 56 86 [email protected] JournalistsMs Noëlle Camilleri+33 (0)6 79 92 99 [email protected]   For extra info, please contact your financial institution, dealer or monetary establishment (I.S.I.N. code: FR0000120321), and seek the advice of your normal newspapers, the Internet website for shareholders and buyers, www.loreal-finance.com or the L’Oréal Finance app, alternatively, name +33 1 40 14 80 50.  This press launch has been secured and authenticated with the blockchain know-how.  You can confirm its authenticity on the web site www.wiztrust.com Appendix L’Oréal group gross sales 2021/2022 (€ million)              2021 2022 First quarter 7,614.5 9,060.5 Second quarter 7,582.1   First half complete 15,196.6   Third quarter 7,996.6   Nine months complete 23,193.1   Fourth quarter 9,094.4   Full 12 months complete 32,287.6   1 Like-for-like: based mostly on a comparable construction and similar change charges.2 Sales achieved on our manufacturers’ personal web sites and with e-commerce pure gamers + estimated gross sales achieved by our manufacturers akin to gross sales via our retailers’ web sites (non-audited information).3 SAPMENA – SSA: South Asia Pacific, Middle East, North Africa, Sub-Saharan Africa4 SAPMENA – SSA: South Asia Pacific, Middle East, North Africa, Sub-Saharan Africa 5 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA  


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