Trago/Getty Images
Industryweek 8252 Loreal
Industryweek 8252 Loreal
Industryweek 8252 Loreal
Industryweek 8252 Loreal
Industryweek 8252 Loreal

Sale Beautifies L'Oreal Profit

Feb. 13, 2015
Without the sale of its stake in the Galderma dermatological treatment unit to Nestle that added 2.1 billion, L'Oreal's net profit would have come in with a 3.1% gain.

PARIS - L'Oreal (IW 1000/140), the world's top cosmetics company, said Thursday its net profit soared by two-thirds last year to 4.91 billion euros ($5.59 billion) thanks to the sale of a unit.

Without the sale of its stake in the Galderma dermatological treatment unit to Nestle that added 2.1 billion, L'Oreal's net profit would have come in with a 3.1% gain to 3.12 billion euros, the company said in a statement.

"Despite adverse currency effects, operating margin increased once again in 2014 highlighting the strength of our business model," chief executive Jean-Paul Agon said in a statement.

Operating profit came in at 3.89 billion euros on sales that totalled 22.53 billion euros, a gain of 1.8% if Galderma is excluded from 2013 figures. 

That resulted in an operating margin of 17.3 percent, an increase from the previous year.

Adverse currency effects had a negative 2.3% impact on sales.

Among emerging markets, the Asia-Pacific region saw a 4.1% increase to 4.56 billion euros, but sales fell in both eastern Europe and Latin America.

Sales climbed by 3.1% to 7.70 billion euros in Western Europe, but only edged up 0.6% in North America.

Agon said L'Oreal intends to outperform the cosmetics market in 2015.

Copyright Agence France-Presse, 2015

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!