Investing.com — L’Or\u00e9al SA (EPA: OR) reported its first-half results on Wednesday, with the French beauty giant posting adjusted like-for-like sales growth of 6.5% and a record operating margin of 21.3%. <\/p>\n
The company reported sales of \u20ac23.77 billion for the six months ended June 30, up 5.8% on a reported basis and 22.4% compared to the same period last year. Adjusted earnings per share came in at \u20ac7.40, up 4.8% YoY. Net profit excluding non-recurring items reached \u20ac3.96 billion, an increase of 4.7%. <\/p>\n
The company’s gross margin expanded by 10 basis points to 74.8%, while operating margin improved by 20 basis points despite increasing brand investment by 70 basis points. <\/p>\n
The company’s ADRs rose 3.6% following the results. <\/p>\n
“L’Or\u00e9al delivered a strong first half,” said Nicolas Hieronimus, CEO of L’Or\u00e9al. “At +6.5% adjusted like-for-like growth, L’Or\u00e9al maintained its strong momentum and expanded its outperformance of the global beauty market.” <\/p>\n
Growth was broad-based across all four divisions. Professional Products delivered the strongest performance with adjusted like-for-like growth of 11.6%, while Dermatological Beauty grew 10.6%. L’Or\u00e9al Luxe posted 5.1% adjusted growth, and Consumer Products advanced 4.3%. <\/p>\n
By region, SAPMENA-SSA led with 13.8% adjusted like-for-like growth, followed by North America at 6.7% and Europe at 6.1%. North Asia grew 4.6%, with China showing continued recovery in the selective segment. <\/p>\n
Operating cash flow reached \u20ac3.12 billion, up from \u20ac2.74 billion in the first half of 2025. Net debt stood at \u20ac12.66 billion as of June 30. <\/p>\n
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