"},"content":{"rendered":"[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]<\/p>\n
<\/p>\n
<\/p>\n
Despite a tense international context, these two leaders in their field have exceeded analysts’ expectations.<\/p>\n
<\/p>\n
<\/p>\n
EssilorLuxottica<\/strong>, the world’s leading lens company, has reported net profit for the first six months of 2022 of \u20ac1.55 billion<\/strong>, up nearly 26%<\/strong> and 18.6%<\/strong> at constant exchange rates.<\/p>\n <\/p>\n The global optical giant reported revenue growth of 37%<\/strong> to \u20ac12 billion<\/strong>, including like-for-like sales growth of 9.1%<\/strong>. This was driven by an increase in lens sales, which rose by 8.5%<\/strong> to \u20ac3.3 billion<\/strong>.<\/p>\n <\/p>\n In detail, EssilorLuxottica’s largest market, North America<\/strong>, saw its growth slow but remain positive with an increase of 2.4% to \u20ac3 billion<\/strong>, due to a deterioration in the US economy. The EMEA<\/strong> region, its second largest market, saw its turnover jump by 12.4% to 2.3 billion euros<\/strong>. Latin America<\/strong> also saw revenues increase by more than 24%<\/strong>, thanks in particular to Brazil<\/strong>. Finally, the Asia-Pacific<\/strong> region remained stable with growth of 1.7% to \u20ac666 million<\/strong>.<\/p>\n <\/p>\n <\/p>\n L’Or\u00e9al<\/strong>, the French cosmetics industrial group, has recorded a net profit share of 3.22 billion euros<\/strong> in the first half of the year, compared to 2.36 billion euros<\/strong> in the first part of 2021. Sales reached EUR 18.36 billion<\/strong>, up 20.9%<\/strong>, of which 13.5%<\/strong> on a like-for-like basis, overcoming the downward trend in the sector in China due to health restrictions, against the backdrop of a rebound in demand for cosmetic products.<\/p>\n <\/p>\n Indeed, while many Western brands have recorded a decline in sales in China<\/strong>, where containment measures were imposed in mid-March to combat a resurgence of the Covid-19 epidemic, L’Or\u00e9al saw its sales in the country increase by 13% over the April-June period. Nicolas Hieronimus attributed this performance in China to online sales, stressing in an interview with Reuters that L’Or\u00e9al was “really thriving” in the country.<\/p>\n <\/p>\n The consumer products division, which includes the Maybelline and L’Or\u00e9al Paris brands, reported a 9.1% increase in like-for-like sales as consumers shrugged off price increases to continue buying beauty products.<\/p>\n <\/p>\n Meanwhile, L’Or\u00e9al Luxe<\/strong>, which includes the Yves Saint Laurent brand, reported a 15.3% like-for-like sales increase in the second quarter, outperforming rival LVMH’s perfumes and cosmetics division.<\/p>\n <\/p>\n The cosmetics group’s operating profit rose 25.3%<\/strong> to EUR 3.75 billion<\/strong>, and was 20.4%<\/strong> of sales, up 70 basis points<\/strong>.<\/p>\n <\/p>\n “We remain optimistic about the outlook for the global beauty market and confident in our ability to outperform the market to achieve another year of sales and earnings growth in 2022,”<\/em> said Nicolas Hieronimus<\/strong>, Chief Executive Officer<\/strong> of L’Or\u00e9al<\/strong>.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0Herm\u00e8s on a very good run in the first half<\/a><\/p>\n <\/p>\n Featured photos : \u00a9 Getty Images[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n Despite a tense international context, these two leaders in their field have exceeded analysts’ expectations.<\/p>\n <\/p>\n <\/p>\n EssilorLuxottica<\/strong>, the world’s leading lens company, has reported net profit for the first six months of 2022 of \u20ac1.55 billion<\/strong>, up nearly 26%<\/strong> and 18.6%<\/strong> at constant exchange rates.<\/p>\n <\/p>\n The global optical giant reported revenue growth of 37%<\/strong> to \u20ac12 billion<\/strong>, including like-for-like sales growth of 9.1%<\/strong>. This was driven by an increase in lens sales, which rose by 8.5%<\/strong> to \u20ac3.3 billion<\/strong>.<\/p>\n <\/p>\n In detail, EssilorLuxottica’s largest market, North America<\/strong>, saw its growth slow but remain positive with an increase of 2.4% to \u20ac3 billion<\/strong>, due to a deterioration in the US economy. The EMEA<\/strong> region, its second largest market, saw its turnover jump by 12.4% to 2.3 billion euros<\/strong>. Latin America<\/strong> also saw revenues increase by more than 24%<\/strong>, thanks in particular to Brazil<\/strong>. Finally, the Asia-Pacific<\/strong> region remained stable with growth of 1.7% to \u20ac666 million<\/strong>.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nL’Or\u00e9al’s sales soar in China<\/h2>\n
<\/h4>\n
<\/h4>\n
Burberry lance un partenariat avec Roblox pour int\u00e9grer l\u2019univers du jeu EssilorLuxottica and L’Or\u00e9al published their financial results for the first half of 2022 on Friday. et d\u00e9voile des r\u00e9sultats en demi-teinte au premier trimestre, notamment d\u00fbs aux confinements stricts en Chine.<\/h4>\n
EssilorLuxottica reports net profit of \u20ac1.55 billion<\/h2>\n