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Home Industry News L’Oreal highlights strong growth in 2014 financial results

L’Oreal highlights strong growth in 2014 financial results

18th February 2015

L'Oreal has reported satisfaction with its financial results for 2014 after achieving growth across all divisions and regions of the world.

The company's annual sales for the year reached 22.53 billion euros (16.61 billion pounds), which represented a year-on-year increase of 3.7 percent on a like-for-like basis, or 1.8 percent based on reported figures.

Its strongest performance of the year was in the fourth quarter, with its Luxe and active cosmetics divisions outperforming their respective markets, while the professional products division continued to improve.

Additionally, the firm was able to accelerate its digital transformation efforts in 2014 and pressed ahead with strategic acquisitions such as Magic, NYX, Decleor, Carita and Niely.

Jean-Paul Agon, chairman and chief executive officer of L'Oreal, said: "In an economic environment that is uncertain, but more favourable on the monetary front, all our teams are focused to ensure L'Oreal outperforms the market in 2015."

The firm was recently ranked as one of the top 50 most innovative companies in the world in a list produced by the business magazine Fast Company, offering a further endorsement of its prospects.ADNFCR-8000103-ID-801775973-ADNFCR

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