L'Oreal Sales Rebound Helped By China And Booming Online Business

L'Oreal, the world's biggest cosmetics group, posted on Thursday higher-than-expected revenue growth for the fourth quarter, helped by a strong performance in China and by booming online sales during the coronavirus crisis.

The French owner of Maybelline said sales reached €7.88 billion ($9.56 billion) in the October to December period, flat from a year earlier on a reported basis but up 4.8% when stripping out currency effects and acquisitions.

News by Reuters edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.