L'OREAL STAYS ITS COURSE ANOTHER QUARTER OF DOUBLE-DIGIT GROWTH

L'OREAL STAYS ITS COURSE ANOTHER QUARTER OF DOUBLE-DIGIT GROWTH.

Sales: 30.57 billion euros, +12.6% like-for-like1, +14.0% at constant currencies, +9.4% reported.

Third quarter sales: +11.1% like-for-like1. Sustained outperformance of the global beauty market.

Continued growth in both volume and value.

Growth in all Divisions with very strong performance of the L'Oreal Dermatological Beauty and Consumer Products Divisions.

Double-digit growth in all regions, except North Asia, where strong market outperformance in mainland China and Japan was offset by the reset in Travel Retail. Particularly impressive performance in Europe and emerging markets.

Very balanced, double-digit growth offline and online.

Completion of the acquisition of Aesop on 30 August.

Creation of the EUR15 million L'Oreal Climate Emergency fund to help vulnerable communities prepare for and recover from climate disasters.

EcoVadis Platinum Medal for environmental and social performance with a score of 83/100, putting L'Oreal in the top-1% of the world's best-performing companies.

Commenting on the figures, Nicolas Hieronimus, CEO of L'Oreal, said:

'I am very proud of the performance of our teams in the first nine months. The beauty market remains exceptionally dynamic, and L'Oreal continues to outperform and reinforce its global leadership.

Despite the slower than expected recovery of the beauty market in mainland China and the reset in Asian Travel Retail, L'Oreal kept its double-digit pace1. We did so thanks to our broad-based regional footprint, our successful innovation pipeline, and our agility to rapidly allocate investment to the areas where we see the highest growth.

In a context of continued economic and geopolitical uncertainty, we remain confident in our ability to keep outperforming the market and achieve in 2023 another year of growth in sales and profits. We are optimistic about the outlook for the beauty market and remain ambitious for the future.'

SALES AT 30 SEPTEMBER 2023

Like-for-like, i.e., based on a comparable scope of consolidation and constant exchange rates, sales of the L'Oreal group grew by +12.6%.

The net impact of changes in the scope of consolidation was +1.4%.

Growth at constant exchange rates came out at +14.0%.

Currency fluctuations had a negative impact of -4.6%. If the exchange rates at 30 September 2023,

i.e. EUR1 = $1.058, are extrapolated until 31 December, the impact of currency fluctuations on sales would be around -4.7% for the whole of 2023.

Based on reported figures, the Group's sales at 30 September 2023 amounted to 30.57 billion euros, an increase of +9.4%.

Sales by Division and Region: See full release at:

https://www.loreal-finance.com/eng/news-release/sales-30-september-2023

About L'Oreal

For over 110 years, L'Oreal, the world's leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 37 international brands and ambitious sustainability commitments in our L'Oreal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.

With 87,400 committed employees, a balanced geographical footprint and sales across all distribution networks

(e-commerce, mass market, department stores, pharmacies, hair salons, branded and travel retail), in 2022 the Group generated sales amounting to 38.26 billion euros. With 20 research centres across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 5,500 tech and digital professionals, L'Oreal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse.

More information on https://www.loreal.com/en/mediaroom

L'OREAL CONTACTS

Switchboard

[phone]

Individual shareholders and market authorities

Pascale Guerin

[phone]

[e-mail]

Investor relations

Francoise Lauvin

[phone]

[e-mail]

Eva Quiroga

[phone]

[e-mail]

Media

Brune Diricq

[phone]

brune.diricq @loreal.com

Christine Burke

[phone]

[e-mail]

For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, the website for shareholders and investors, www.loreal-finance.com or the L'Oreal Finance app; alternatively, call [phone].

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(C) 2023 Electronic News Publishing, source ENP Newswire