L'Oreal Posts Strong Sales Growth In 1Q 2015

L'Oreal SA reported like-for-like sales rose 4.0 percent in the first quarter of 2015. According to the cosmetics company, the net impact of changes in consolidation was 1.2 percent. Fluctuations in currencies had an impact of 8.9 percent. Also, the company reported growth at constant exchange rates was 5.2 percent during the period. Based on reported figures, group sales by March 31, 2015, increased 14.1 percent to €6.44 billion.