Strong demand from Asian consumers for luxury skincare products helped L'Oréal deliver a sharp jump in quarterly sales and handed the French cosmetics group its best year in over a decade.
Stripping out the impact of mergers and currency moves, sales surged 8.6 per cent in the final three months of 2018, driven by strong performance of L'Oréal’s luxury and active cosmetics divisions, and by the Asia-Pacific region.
L'Oréal’s high-end beauty and skincare products continue to be boosted by rising demand in China that has also helped rivals such as Estée Lauder and LVMH’s Sephora.
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