painted a picture of the beauty market today — and tomorrow — during a call Wednesday morning with financial analysts and journalists.net profits rose 8.8 percent to 3.65 billion euros on sales that gained 7.5 percent on a reported basis and 7.3 percent in like-for-like terms to 22.12 billion euros.Shares of L’Oréal, the maker of Lancôme, Yves Saint Laurent and Garnier products, closed Wednesday up 2.1 percent to 400.65 euros.
In the region, L’Oréal gained share in three of its divisions — especially Luxe, which outpaced the market by six points. Dermatological Beauty has grown threefold in mainland China, and now accounts for 11 percent of group sales there. Elsewhere in North Asia, growth was up in the mid-teens, driven by dynamic trends in travel retail and robust increases in markets such as Japan, thanks to a surge in tourism.
He said, to put things in perspective, if the global beauty market grows by 4.5 percent every year, that would add an extra 100 billion euros by 2030.“There is still plenty to do,” he said.