The Strategist

L'Oreal Worsened the Forecast of Growth of the World Cosmetics Market This Year

09/04/2015 - 18:11

This year, the world market of cosmetic products will grow toward the lower end of the forecast (that is 3.5-4%), reports Bloomberg referring to the forecast of the French company L'Oreal SA.

mckrista1976 via flickr
mckrista1976 via flickr
Unilever’s representatives previously said they expect a slowdown in the market of cosmetics to 2-2.5% in 2015-16 years from 4% in 2014.

The main concerns of the sector’s companies are associated with emerging markets, where consumer spending, including consumer goods, is rapidly reducing on the background of the problems in the economy.

In the 2nd quarter, L'Oreal’s adjusted revenue grew by 3.6% in annual terms. Sales in Asia Pacific increased by 4.1% after rising to 5.8% in the 1st quarter. In July, the French company said it expects revenue to increase in 2015 above the average pace.

L'Oreal shares during trading on Friday fell by 3.1%.

L'Oréal is the French company, world market leader in perfumes and cosmetics. Headquarters is located in the commune of Clichy-la-Garenne in the Paris suburbs. Founded in 1909 by French chemist Eugene Schueller.