French cosmetics giant L’Oreal says 1st quarter sales up 14 percent on strong upscale demand

French cosmetics giant L’Oreal says 1st quarter sales up 14 percent on strong upscale demand

PARIS 鈥 French cosmetics giant L’Oreal says it pulled in 6.44 billion euros ($6.9 billion) in sales in the first quarter, 14 percent higher than a year earlier thanks to double-digit growth across its range of high-end and mass-market beauty products.


The maker of Maybelline mascara and Garnier hair care products says its sales for the January-March quarter were lifted by a 20.1 percent rise in its upscale L’Oreal Luxe division.


L’Oreal Luxe, which markets Lancome, Kiehl’s and other skin care, make-up and perfume brands, performed especially strongly in China, the company says.


In Western Europe, L’Oreal’s largest region by sales, growth was only 4 percent.


Last year L’Oreal sales rose 1.8 percent to 22.5 billion euros. The company says it’s on track for higher sales and earnings in 2015.

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