Sales at 30 September 2024

• Sales: 32.40 billion euros, +6.0% like-for-like1, +6.0% reported.

• Growth in all Divisions with L’Oréal Luxe accelerating a third consecutive quarter, Professional Products keeping the rhythm.

• Growth in all regions, except North Asia, where operating conditions in the Chinese ecosystem remain challenging. Europe continued to deliver a particularly impressive performance.

• Growth in all categories, with fragrances and haircare most dynamic.

• Continued growth in both volume and value.

• Online grew faster than offline, notably in emerging markets.

• Acquisition of a 10% stake in Galderma on August 5.

• L’Oréal was ranked 5th in the FTSE Diversity & Inclusion Index Top 100 ranking (number one in France).

Commenting on the figures, Nicolas Hieronimus, CEO of L'Oréal, said:

“We delivered solid growth of +6% in the first nine months, well-balanced between value and volume, despite multiple turbulences that have negatively impacted our third quarter.

As anticipated, global beauty market growth has been normalising throughout the year. In the developed markets, this has been driven by a gradual easing in pricing after two years of strong inflation; despite that, underlying market trends remain robust in Europe, and North America – as well as in emerging markets. The situation in the Chinese ecosystem has become even more challenging, but we believe in the future of this market and hope that the governmental stimulus will help improve consumer confidence.

Overall, the beauty category continues to grow, including in units, demonstrating once again its resilience and long-term potential. L’Oréal continues to outperform thanks to our innovation power, the agility of our teams and our capacity to reallocate our resources towards new growth engines.

In a context that continues to be marked by economic and geopolitical uncertainties, we remain confident to achieve another year of growth in sales and operating profit and are preparing our own beauty stimulus plan for 2025.”