L'Oreal : L'Oréal: News Release: "First quarter 2013 sales"

         L'Oreal : L'Oréal: News Release: "First quarter 2013 sales"

Clichy, April 18th, 2013 at 6 p.m.

                           First quarter 2013 sales

                          A very solid first quarter

  *Sales: 5.93 billion euros

+6.5% excluding currency fluctuations
+5.5% like-for-like
+5.1% based on reported figures

  *Strong growth in the Consumer Products, L'Oréal Luxe and Active Cosmetics
  *Weakness of the Professional Products market
  *New records for market shares in Western Europe and North America
  *Sustained dynamics in the New Markets
  *Confidence in another year of sales and profit growth

Commenting on these figures, Mr Jean-Paul Agon, Chairman and CEO of L'Oréal,

"L'Oréal has made a solid start to the year, with good organic growth, along
with really significant market share gains.

The Consumer Products, L'Oréal Luxe and Active Cosmetics divisions are growing
strongly, driven by major innovations such  as Olia by Garnier, L'Oréal  Paris 
Advanced Haircare, La Vie est Belle by  Lancôme, or Idéalia by Vichy. All  our 
brands are  on the  offensive, and  this has  enabled the  group to  post  new 
records for market  shares, especially  in Western Europe  and North  America. 
Growth  trends  in  the  New  Markets  are  homogeneous  and  sustained.   The 
Professional Products Division meanwhile is still being held back by the  very 
difficult market context, particularly in Southern Europe.

These strategic advances, together with the quality of initiatives across  all 
divisions, both in developed countries and the New Markets, make us  confident 
in our ability to outperform the market  in 2013, and to achieve another  year 
of growth in both sales and profits."

  A - First quarter 2013 sales

Like-for-like, i.e. based  on a  comparable structure  and identical  exchange 
rates, the sales growth of the L'Oréal group was +5.5%.
The net impact of changes in consolidation was +1.0%.
Currency fluctuations had a negative impact of -1.4%.
Growth at constant exchange rates was +6.5%. If end of March current  exchange 
rates (€1 at  $1.2813) are extrapolated  up to December  31^st, the impact  of 
currency fluctuations would be -1.0% for the whole of 2013.
Based on reported figures, the group's sales at March 31^st, 2013 amounted  to 
5.932 billion euros, an increase of +5.1%.

Sales by operational division and geographic zone

                                Quarterly sales                 Growth
       € million         1^st quarter    1^st quarter   Like-for-like Reported
                             2012            2013
By division
Professional Products             755.6           752.6          0.0%    -0.4%
Consumer Products               2,769.5         2,920.8          6.5%     5.5%
L'Oréal Luxe                    1,315.5         1,422.0          7.2%     8.1%
Active Cosmetics                  468.6           497.6          7.2%     6.2%
Cosmetics total                 5,309.1         5,593.0          5.8%     5.3%
By geographic zone
Western Europe                  1,953.9         1,990.4          1.7%    1.9%
North America                   1,263.4         1,371.4          6.3%     8.5%
New Markets, of which:          2,091.7         2,231.1          9.4%     6.7%
-Asia, Pacific               1,124.3         1,188.4          7.7%     5.7%
-Latin America                 433.5           458.7         11.8%    5.8%
-Eastern Europe                360.0           389.7          9.2%    8.2%
-Africa, Middle East           173.8           194.3         15.0%   11.8%
Cosmetics total                 5,309.1         5,593.0          5.8%     5.3%
The Body Shop                     180.4           181.9          1.8%     0.8%
Dermatology^(1)                   153.5           156.7         -0.4%     2.1%
Group total                     5,643.0         5,931.6          5.5%     5.1%

(1) Group share, i.e. 50%.

  1) Cosmetics sales


At end-March, the  Professional Products Division  is stable in  like-for-like 
terms, posting -0.4% based  on reported figures.  Markets in mature  countries 
remain difficult, particularly  in Southern  Europe, and salon  visits in  the 
United States  have  contracted. The  dynamic  trend  of the  New  Markets  is 

The luxury haircare segment remains buoyant, and is reflected by the growth at
Kérastase, bolstered by the launches of Densifique, the hair density activator
with Stemoxydine®, and Initialiste hair beauty serum.

In the hair colourant  category, the worldwide roll-out  of ODS technology  is 
continuing with INOA Suprême by L'Oréal Professionnel, ColorInsiderby  Matrix 
and ChromaticsBeyond Cover  by Redken.  The accessibly  priced hair  colourant 
Socolor by Matrix is being rolled out in Asia.

The division, historically exposed to mature markets, is above all feeling the
effects of economic  sluggishness in Italy,  Spain and Portugal,  with a  very 
sharp fall in salon visits. In the New Markets, the division is  strengthening 
its positions  in Russia,  and is  growing strongly  in India,  Indonesia  and 
Africa-Middle East.


In the first quarter, the Consumer Products Division achieved growth of  +6.5% 
like-for-like and +5.5% based  on reported figures, driven  by the success  of 
its major  product  initiatives and  significant  market share  gains  in  key 

The L'Oréal  Paris brand  made a  good start  to the  year, boosted  by  major 
launches such  as  Préférence  Mousse  Absolue  hair  colourant,  Age  Perfect 
Renaissance Cellulaire skincare,  and -  in the  United States  - the  L'Oréal 
Advanced Haircare range. Garnier has made  a real breakthrough thanks to  Olia 
hair colourant with ODS, and its  worldwide roll-out is under way.  Maybelline 
meanwhile has launched Volume Express Rocket mascara.

All these innovations enabled the  division to make historic breakthroughs  in 
haircare, hair  colourants and  facial skincare,  both in  Western Europe  and 
North America. In the New Markets,  growth is improving, thanks especially  to 
the new dynamism in Brazil and Russia.


At end-March, L'Oréal Luxe has advanced by +7.2% like-for-like and +8.1% based
on reported figures, including the first time consolidation of the Urban Decay
brand. L'Oréal Luxe is growing faster  than the market, thanks to good  growth 
trends for the major brands in the portfolio, and its performances in the  New 
Markets and in North America.

The division's four top brands -  Lancôme, Giorgio Armani, Yves Saint  Laurent 
and Kiehl's - have been highly dynamic at the start of this year. In  addition 
to the resounding  success of La  Vie est Belle,  Manifesto,Rouge Pur  Couture 
lipstick and Maestro  foundation, the  quarter was marked  by new  initiatives 
such as Rénergie  Multi-lift Reviva-Plasma and  Teint Visionnaire by  Lancôme, 
Eau pour Homme and  Eau de Nuit  by Giorgio Armani,  along with Rouge  Volupté 
Shine and  Forever  Light Creator  by  Yves  Saint Laurent.  Urban  Decay  and 
Clarisonic posted very good growth over the quarter.

While Western Europe remains lacklustre, the United States, China and the Gulf
States are growing strongly.


In the  first quarter,  the sales  of the  Active Cosmetics  Division  clearly 
accelerated at +7.2% like-for-like (+6.2%  based on reported figures),  thanks 
to the recovery of Vichy and the continuing strong growth of La Roche-Posay.

Vichy started the  year with  very good performances,  especially in  haircare 
(Neogénic) and anti-ageing  (LiftActiv Eyes  and Lashes  Serum, and  Néovadiol 
Magistral). La Roche-Posay  continues to record  double-digit growth, even  in 
Europe. In addition,  SkinCeuticals is continuing  its international  roll-out 
with a strong focus on the bodycare segment.

The first part of  the year has been  marked by a very  good start in  Western 
Europe, where the division wins market share, even in Southern Europe.  Trends 
in North America and South America remain robust.


  Multi-division summary by geographic zone


The European context is still adversely  affected by declining markets in  the 
Southern countries, especially in hair salons and the selective market. Thanks
to strong market  share gains by  the Consumer Products  and Active  Cosmetics 
divisions, good  growth in  Germany and  France, and  a turnaround  in  Spain, 
L'Oréal recorded growth  of +1.7%  like-for-like and +1.9%  based on  reported 


L'Oréal posted  growth of  +6.3%  like-for-like and  +8.5% based  on  reported 
figures. The good results  are continuing in  the Consumer Products  Division, 
thanks to the launches of Advanced Haircare and Miracle Blur by L'Oréal Paris,
and Olia by Garnier. L'Oréal Luxe also produced a solid performance, thanks to
Clarisonic, Kiehl's, Yves Saint Laurent  and Viktor&Rolf, together with  Urban 
Decay, which was consolidated for the first time. Vichy and SkinCeuticals made
a good start to the year in Active Cosmetics.


Asia-Pacific: L'Oréal recorded growth of  +7.7% like-for-like and +5.7%  based 
on reported figures. If  Japan is excluded, like-for-like  growth came out  at 
The group is  continuing to gain  market share, thanks  especially to  L'Oréal 
Luxe. There are contrasting trends in  markets in this region: South Korea  is 
strongly negative, but China, India and the ASEAN countries remain buoyant.
At L'Oréal Luxe the first quarter reflected continuing strong growth in China.
The Consumer Products Division posted,  with L'Oréal Paris, good  performances 
in China and India, and proved dynamic in Indonesia and Thailand.

Eastern Europe: The zone posted growth of +9.2% like-for-like and +8.2%  based 
on reported figures.  Growth in  this zone is  driven by  Russia and  Ukraine, 
while the other countries,  such as Poland, are  still sluggish. The  Consumer 
Products  Division's  turnaround  is  continuing,  the  Professional  Products 
Division is actively pursuing  its conquest of hair  salons, and L'Oréal  Luxe 
has made a good start to the year.

Latin America:  L'Oréal has  started the  year with  an increase  in sales  of 
+11.8%  like-for-like  and  +5.8%  based   on  reported  figures.  Brazil   is 
accelerating, driven by market  share gains in haircare,  thanks to Elsève  at 
L'Oréal Paris, and in hair colourants, thanks to Mini Kit Nutrisse Cor Intensa
by Garnier. Market share  is also increasing in  Mexico and Chile. The  Active 
Cosmetics division is continuing to grow very strongly in this zone.

Africa-Middle East: This zone made a solid start to 2013 with growth of +15.0%
like-for-like and +11.8% based on reported figures. Saudi Arabia and Egypt are
growing strongly, and the same is  true of Turkey. In Sub-Saharan Africa,  the 
group is strengthening its positions with  the acquisition of the Hygiene  and 
Beauty business of Interconsumer Products Limited (ICP) in Kenya.

  2) The Body Shop sales

At end-March, The Body Shop recorded sales growth of +1.8% like-for-like,  and 
+0.8% based on reported  figures. The Middle East  and South-East Asia  posted 
good growth while sales in mature markets are being affected by the  depressed 
economic environment.
Internet sales are clearly  proving to be a  strategic channel for  recruiting 
new consumers.
The Body Shop is launching Absinthe, a range of handcare products.

  3) Galderma sales

Galderma sales decreased by -0.4%  like-for-like, and +2.1% based on  reported 
The  first  quarter  was  affected  by  a  combination  of  negative  factors, 
especially pressure from generics in Europe which, as announced, is  impacting 
Tetralysal (acne).  Loceryl  (fungal  nail infections)  is  also  experiencing 
stiffer competition in Germany and Russia.
Sales of  prescription  products are  increasing.  Epiduo, the  world's  first 
prescription treatment in the topical acne market, and Clobex (psoriaris)  are 
growing strongly, especially in North America. Medical solutions in  aesthetic 
and corrective dermatology  are continuing  to advance, driven  by the  strong 
growth of Azzalure (muscle relaxant), particularly in Asia-Pacific.
Spirig has been consolidated since 1^st March, 2013.

  B - Important events during the period 01/01/13 to 03/31/13

  *On January 10^th, L'Oréal inaugurated its new Research and Innovation
    centre in India, in Mumbai and Bangalore,

  *On January 31^st, L'Oréal completed the acquisition of the Vogue brand in

  *On February 11^th, the Board of Directors decided to set up a share
    buyback program amounting to €500 million in the 1^st half of 2013,

  *On February 27^th, Galderma completed the acquisition of Spirig in

  *And further,  on April  15^th, L'Oréal  announced the  acquisition of  the 
    Hygiene and Beauty  business of  Interconsumer Products  Limited (ICP)  in 

"This news release does not constitute an offer to sell, or a solicitation  of 
an offer  to buy  L'Oréal shares.  If you  wish to  obtain more  comprehensive 
information about L'Oréal, please refer to the public documents registered  in 
France with the Autorité des Marchés Financiers, also available in English  on 
our Internet site www.loreal-finance.com.
This news release  may contain some  forward-looking statements. Although  the 
Company considers that these statements are based on reasonable hypotheses  at 
the date of publication of this release,  they are by their nature subject  to 
risks and uncertainties which could cause actual results to differ  materially 
from those indicated or projected in these statements."

Contacts at L'Oréal (switchboard: +33 1 47 56 70 00)

Individual shareholders and market authorities
Mr Jean Régis CAROF
Tel: +33 1 47 56 83 02

Financial analysts and Institutional investors
Mrs Françoise LAUVIN
Tel: +33 1 47 56 86 82

Tel: +33 1 47 56 76 71

For  more  information,  please  contact   your  bank,  broker  or   financial 
institution (I.S.I.N. code: FR0000120321), and consult your usual  newspapers, 
and    the     Internet    site     for    shareholders     and     investors, 
http://www.loreal-finance.com; alternatively, call +33 1 40 14 80 50.

  C - Appendix

L'Oréal group sales 2012/2013 (€ millions)

                      2012  2013
First quarter:
Cosmetics             5,309 5,593
The Body Shop           180   182
Dermatology             154   157
First quarter total   5,643 5,932
Second quarter:
Cosmetics             5,162
The Body Shop           194
Dermatology             215
Second quarter total  5,570
First half:
Cosmetics            10,471
The Body Shop           374
Dermatology             368
First half total     11,213
Third quarter:
Cosmetics             5,137
The Body Shop           191
Dermatology             191
Third quarter total   5,519
Nine months:
Cosmetics            15,608
The Body Shop           565
Dermatology             559
Nine months total    16,732
Fourth quarter:
Cosmetics             5,204
The Body Shop           290
Dermatology             236
Fourth quarter total  5,730
Full year
Cosmetics            20,812
The Body Shop           855
Dermatology             796
Full year total      22,463

Read the News Release of April 18th, 2013


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: L'Oreal via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.