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Fashion Jobs

L'Oreal rallies as quarterly results offset China concerns

Reuters API
today Feb 7, 2020
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L'Oreal's shares rose on Friday after fourth-quarter figures from the French cosmetics company allayed concerns over the impact of China's coronavirus health crisis on its business.

Photo: L'Oreal brand Biotherm

Late on Thursday L'Oreal said that fourth-quarter revenue had risen 11.4% to 7.9 billion euros (£6.7 billion), lifting its share price by 2.7% in early trading on Friday.

L'Oreal said China's coronavirus crisis would have only a short-term hit on the company's Asian business, which is its biggest sales driver.

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