July 2023
PARIS — The sweetness market is predicted to proceed full steam ahead after a powerful first half of 2023, when it registered double-digit growth, despite inflationary pressures.
That was the outlook shared by Nicolas Hieronimus, L’Oréal chief executive officer, while addressing financial analysts and journalists Friday morning, a day after the corporate released its second-quarter and half-year results.
Through the discussion, he drilled down on developments in China — where there’s been a slowdown in Hainan Island’s duty-free trade, offline and online evolutions, in addition to financial milestones hit by the group.
As previously reported, within the six months ended June 30 company net profits grew 4.3 percent to three.36 billion euros on sales of 20.57 billion euros, up 12 percent in reported...
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