L'Oréal

All divisions delivered ahead of expectations, with a particularly strong outperformance in Professional Products (+13.1% adjusted LFL) and Luxury  (+5.6% adjusted LFL).

Recovery in both the US and China, initiated in H2 25, is continuing, with L’Oréal still outpacing the global beauty market. China grew at mid-to high-single-digit, showing clear acceleration and confirming an improving trajectory.

Latin America was the only region slightly below expectations, reflecting a softer market environment, particularly in Brazil and Mexico.

In the Middle East, consumption has been impacted by ongoing geopolitical tensions, notably in the UAE, although Saudi Arabia remained resilient.

The company also indicated that should the current oil price stay in the current range (USD90-100) the increased cost for the year would be in the EUR90m-100m range.  The group would therefore need a slight price hike to offset these costs, but it doesn't expect a major impact on volume.

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