Posts tagged L’Oreal
L’Oreal Q4 sales miss forecasts; aims for 2010 growth
Feb 16th
French company L’Oreal (OREP.PA) pledged to improve turnover and earnings in 2010 when posting fourth-quarter sales below forecasts, particularly luxury products such as Yves Saint Laurent make-up and Lancome creams.
The Paris-based group, which also sells Garnier shampoo and Vichy face creams, said on Monday it had come out of 2009 stronger and had “prepared itself well for a return to sales and results growth in 2010.”
L’Oreal’s October-December like-for-like sales rose 1.5 percent, missing market expectations of 2.4 to 4 percent growth.