L’Oréal Group posted €18.36 billion in first-half revenue, a rise of +20.6% on a reported basis and +13.5% like-for-like.
Travel retail sales grew by an encouraging +30.1% on a like-for-like basis in the first half. L’Oréal Travel Retail’s performance was driven by the return of international air traffic in Europe (+425% versus the same period in 2021) and Hainan’s booming offshore duty free industry.
In related news, L’Oréal Asia Pacific Travel Retail’s operations relocated from Hong Kong to Singapore on 1 July.