L'Oréal bullish after net profits rise, aims to conquest new beauty spaces

French cosmetics giant L'Oréal said on Thursday, February 6, its profits rose last year despite the declining Chinese market and it made bullish statements about its hopes for 2025. The company posted a net profit of 6.4 billion euros (USD 6.6 billion) for 2024, up 3.6 percent from 2023. Annual turnover increased 5.6 percent to total 43.48 billion euros. Director general Nicolas Hieronimus told AFP the company was "overall very satisfied" with a record operating margin of 20 percent given... - Industry buzz

Feb 9, 2025 - 21:43

French cosmetics giant L'Oréal said on Thursday, February 6, its profits rose last year despite the declining Chinese market and it made bullish statements about its hopes for 2025.
The company posted a net profit of 6.4 billion euros (USD 6.6 billion) for 2024, up 3.6 percent from 2023. Annual turnover increased 5.6 percent to total 43.48 billion euros.
Director general Nicolas Hieronimus told AFP the company was "overall very satisfied" with a record operating margin of 20 percent given... - Industry buzz