Core Viewpoint - L'Oréal Group reported a sales revenue of €22.473 billion (approximately ¥186.19 billion) for the first half of 2025, marking a year-on-year growth of 3%, driven significantly by the Chinese market's recovery and the performance of emerging markets [1][3]. Group Performance - The overall growth of L'Oréal was attributed to the recovery in the Chinese market, which had previously experienced a decline, and the gradual recovery in North America, offsetting the slowdown in Europe [1][3]. - The sales performance in North Asia declined by 1.1%, but excluding travel retail, there was slight growth [3][4]. Regional Performance - Sales in Europe increased by 2.4%, while North America saw an 8.3% growth. The SAPMENA-SSA and Latin America regions continued to lead in high growth, with increases of 10.5% and 12.4%, respectively [4][3]. - The Chinese market showed a recovery with a growth of approximately 3% in the second quarter, following a slight decline in the first quarter [3][5]. Key Growth Drivers - The skin science and professional hair care divisions were highlighted as significant contributors to the recovery in China, with double-digit growth reported in the skin science division [5][18]. - The 618 shopping festival was a crucial factor in reversing the performance, with L'Oréal's brands achieving double-digit growth during this period, outperforming the market average [5][10]. Brand Performance - L'Oréal maintained a strong position in the online beauty market, with six brands in the top 20, including Lancôme and YSL, which performed well in their respective segments [7][10]. - The professional hair care division led all departments with a 6.5% increase in sales, driven by strong performance across all regions [15][17]. Investment Strategies - L'Oréal's investment strategy in China focuses on three main areas: industry investment funds, biotechnology and innovation research, and smart supply chain development [11][12]. - The establishment of the "Beauty Navigation Fund" and the "Kaihui Create Future Fund" aims to support emerging beauty brands and innovative trends in the local market [11][12]. Future Outlook - The company remains optimistic about the second half of the year, expecting better performance compared to the previous year, as it has moved out of negative growth [10][14]. - L'Oréal plans to launch several new products, including high-end offerings, to capitalize on the growing demand for quality products among high-income consumers [13][21].

Core Viewpoint - L'Oréal Group reported a notable performance for the first half of 2025, with overall revenue increasing by 3% to €22.47 billion (approximately ¥186.2 billion) and operating profit rising by 3.1% to €4.74 billion (approximately ¥39.28 billion), despite challenges in the high-end beauty market and global economic pressures [2][4][5]. Group Performance - The group's revenue and operating profit have shown growth over the past five years, with double-digit growth from 2021 to 2023. However, growth rates have significantly slowed in recent years, with revenue and operating profit growth dropping to single digits in 2024 and further declining in 2025 [4]. - The CEO, Nicolas Hieronimus, attributed the slowdown to global economic pressures but expressed optimism for the second half of the year, anticipating a gradual recovery in the global beauty market [5]. Division Performance - Professional Products division saw a sales increase of 6.5% to €2.55 billion, marking the strongest performance across all divisions. The Dermatological Beauty division grew by 3.1% to €3.86 billion, with La Roche-Posay being a significant contributor [7]. - Consumer Products division reported a 2.8% increase in sales to €8.41 billion, while the Luxury division experienced a 2% growth to €7.66 billion, indicating ongoing challenges in the high-end beauty market [7]. Regional Performance - The fastest-growing regions for L'Oréal in the first half of 2025 were SAPMENA-SSA and Latin America, with sales growth of 10.4% and 10.3%, respectively [8]. - The North American market grew by 2% to €5.82 billion, while the North Asia market saw a decline of 1.1% to €5.30 billion, with a notable drop of 8.8% in the second quarter [8]. Strategic Developments - L'Oréal announced the acquisition of majority stakes in the high-end haircare brand Color Wow and the skincare brand Medik8, enhancing its brand portfolio in the Professional Products and Luxury divisions [8]. - The company is collaborating with NVIDIA to leverage AI in beauty technology, showcasing innovations at the Viva Technology exhibition [10]. - L'Oréal launched a new "Sustainable Innovation Accelerator" project, planning to invest €100 million over five years to address key industry challenges and enhance sustainability efforts [10]. Upcoming Events - L'Oréal will participate in the upcoming China International Import Expo for the eighth consecutive year, showcasing new brands, products, and technologies, marking its largest presence in the event's history [11].

Core Viewpoint - L'Oréal reported a 3.5% year-on-year sales growth in Q1 2025, driven by an IT transformation project and a gradual recovery in the Chinese beauty market, outperforming the global beauty market [1] Group 1: Financial Performance - L'Oréal's Q1 sales reached €11.73 billion, with a consolidated growth of over 4.4% [1] - The North Asia region saw a sales increase of 6.9% year-on-year, with a consolidated growth of 8.4% [1] - The luxury cosmetics division, skin science beauty division, and professional hair products division continued to outperform the market, while the mass cosmetics division's growth was slightly below the market average [1][2] Group 2: Market Strategy - L'Oréal is actively participating in the China International Consumer Products Expo for the fifth consecutive year to strengthen its position in the travel retail market [2] - The company is undergoing a strategic transformation in its travel retail business to adapt to changing market conditions and consumer demands [2] - L'Oréal plans to invest in innovative retail experiences and sustainable growth solutions in collaboration with Hainan [2] Group 3: Future Initiatives - The "Beauty Stimulus Plan" for 2025 emphasizes investment in R&D and supply chain improvements, including the establishment of smart operation centers [3] - L'Oréal aims to enhance brand positioning and personalization to meet evolving consumer expectations, focusing on the unique identity of each brand [3][4] - The company plans to expand its presence in third- and fourth-tier cities and transform offline sales points into experiential locations [5]