By Anthony Shevlin

L'Oreal SA (OR.FR) said Thursday that net profit for 2017 increased 15%, driven by strong performances in its Luxe division and Active Cosmetics divisions.

The French cosmetics and consumer-products company said net profit was 3.58 billion euros ($4.42 billion), compared with EUR3.11 billion the year previous.

Sales rose 0.7% to EUR26.02 billion, said L'Oreal. Sales in the company's Luxe division stood at EUR8.47 billion, up 11%, and sales in the Active Cosmetics Division rose to EUR2.08 billion.

Jean-Paul Agon, chief executive of L'Oreal, said the company expects to outperform the market in 2018 and to achieve like-for-like sales growth and an increase in profitability.

L'Oreal's board intends to extend the tenure of Mr. Agon as director for four years.

The board also proposes to extend Belen Garijo's tenure by four years. Xavier Fontanet did not wish to extend his tenure as director, said the company, and Charles-Henri Filippi has resigned from his role as a result of his appointment at Lazard.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

February 08, 2018 12:48 ET (17:48 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Grafico Azioni LOreal (EU:OR)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di LOreal
Grafico Azioni LOreal (EU:OR)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di LOreal