PARIS (Reuters) – L’Oreal, the world’s largest cosmetics group, reported on Wednesday better-than-expected growth over the fourth quarter as Chinese and American consumers spent more on beauty products over the holidays.
Sales for the last three months of 2021 rose 11.2% on a like-for-like basis to 9.09 billion euros ($10.40 billion), with the fastest growth coming from North America.
Analysts polled by Refinitiv had pegged the figure at 8.74 billion euros.
($1 = 0.8744 euros)
(Reporting by Mimosa Spencer and Piotr Lipinski; editing by David Evans)
