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Unilever’s representatives previously said they expect a slowdown in the market of cosmetics to 2-2.5% in 2015-16 years from 4% in 2014.
The main concerns of the sector’s companies are associated with emerging markets, where consumer spending, including consumer goods, is rapidly reducing on the background of the problems in the economy.
In the 2nd quarter, L'Oreal’s adjusted revenue grew by 3.6% in annual terms. Sales in Asia Pacific increased by 4.1% after rising to 5.8% in the 1st quarter. In July, the French company said it expects revenue to increase in 2015 above the average pace.
L'Oreal shares during trading on Friday fell by 3.1%.
L'Oréal is the French company, world market leader in perfumes and cosmetics. Headquarters is located in the commune of Clichy-la-Garenne in the Paris suburbs. Founded in 1909 by French chemist Eugene Schueller.
source: bloomberg.com
The main concerns of the sector’s companies are associated with emerging markets, where consumer spending, including consumer goods, is rapidly reducing on the background of the problems in the economy.
In the 2nd quarter, L'Oreal’s adjusted revenue grew by 3.6% in annual terms. Sales in Asia Pacific increased by 4.1% after rising to 5.8% in the 1st quarter. In July, the French company said it expects revenue to increase in 2015 above the average pace.
L'Oreal shares during trading on Friday fell by 3.1%.
L'Oréal is the French company, world market leader in perfumes and cosmetics. Headquarters is located in the commune of Clichy-la-Garenne in the Paris suburbs. Founded in 1909 by French chemist Eugene Schueller.
source: bloomberg.com
