On July 28th, French beauty giant L’Oréal Group released its financial data for the first half of 2023, ending on June 30th:
In the first half of the year, the company achieved sales of €20.57 billion, marking a 13.3% year-on-year growth and the first time it surpassed €20 billion in sales for a half-year period (quoted from the group’s analyst conference call). The second-quarter sales reached €10.194 billion, representing a 13.7% increase at constant exchange rates compared to the same period in 2022. The operating profit margin rose by 30 basis points to 20.7%, and earn …
