About: http://data.cimple.eu/news-article/991182dc4cecb780c6148e96356ffe95756497c86d8e034911dfc1ac

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rdf:type	schema:NewsArticle
schema:articleBody	Quarterly sales by the French cosmetics group L'Oreal exceeded their pre-pandemic levels for the first time in the first three months of this year, according to figures released Thursday. The company whose brands include Maybelline, Lancome, Kiehls and Redken sold 7.6 billion euros ($9.1 billion) in products in January through March. That is 5.4 percent rise on the same period last year, but L'Oreal's sales had already begun to fall the as the Covid-19 pandemic began to sweep the world and trigger lockdowns that kept its customers from going to the office or out for the evening. However the sales were marginally higher than the 7.55 billion euros posted in the first quarter of 2019. Sales were flat in the final three months of 2020, as the company recorded a 6.3 percent drop for the year overall. Nevertheless the company remained profitable, posting net earnings of 3.6 billion for 2020. The recovery in the first quarter was continuing to be driven by Asia, particularly China, as well as online sales. "In spite of the health crisis and the ongoing associated measures in some countries, particularly in Western Europe, the beauty market continues to recover," said CEO Jean-Paul Agon. Sales of consumer products continued to suffer, while those of luxury and professional products grew. "The Consumer Products Division is stable, still held back by its high exposure to the makeup category which remains lacklustre," said Agon. lem/rl/har
schema:headline	L'Oreal sales recover from pandemic
schema:mentions	Cosmetics Western Europe Asia Chief executive officer Pandemic France China Coronavirus disease 2019 Redken Maybelline Lancôme FIDE
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	61 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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