L’Oréal Posts Impressive Sales Growth In 2012

L’Oréal Group reported sales increased 10.4 percent to €22.46 billion in 2012. Excluding currency fluctuations, sales grew 6.2 percent, according to the company. Operating profit rose 12.3 percent, at 16.5 percent of sales, during the year. Net profit after non-controlling interests increased 17.6 percent, while net earnings per share rose 13.6 percent to €4.91. L’Oréal also reported its net cash flow grew 26.4 percent to €2.58 billion. Professional Products Division reported like-for-like sales grew 2.1 percent, with sales rising 6.7 percent; the Consumer Products Division’s sales grew 5 percent like-for-like and 8.9 percent based on reported figures.