The logo of L’Oreal is seen on beauty products in a supermarket in Chanverrie, France, October 16, 2024. REUTERS
PARIS, April 23 (Reuters) – Shares in L’Oreal rose about 5% on the Tradegate platform after the French cosmetics group posted first-quarter sales growth of 6.7% late on Wednesday, its fastest quarterly growth in two years.
The group said consumers in the U.S., China and Europe all bought more of its premium hair products and perfume in the quarter and that it was optimistic about growth despite growing concerns about consumer confidence in the face of the war in the Middle East.
Reporting by Dominique Patton Editing by David Goodman