Beiersdorf
Group sales for the first quarter of 2024 reached €2.6bn, showing a 7.3% organic growth.
Nivea brand sales, including Labello, increased by 12.6% year-on-year in Q1, driven by both price and volume growth.
The brand experienced growth in all regions, with Europe and Emerging Markets showing significant organic growth of 13% and 14% respectively, led by Sun, Deo, Face Care categories, and the Luminous product range.
Eucerin and Aquaphor derma brands under Beiersdorf saw a 10.2% sales increase, fueled by the Eucerin Sun business and the brand’s expansion into the Face Care category in the US market.
La Prairie, after a period of poor performances, returned to growth in Q1 2024 with a 1% organic sales increase, with expectations of further growth acceleration in the second half of the year.
Beiersdorf CEO Vincent Warnery highlighted Nivea’s record quarter in terms of value and the positive turnaround of the luxury brand La Prairie.
LVMH
LVMH reported a total revenue of €20.7bn in Q1 2024, showing a 3% increase which was lower compared to previous performances.
The Perfumes & Cosmetics business group achieved a 7% organic revenue growth, driven by innovative momentum and selective distribution strategies, with strong performances from brands like Christian Dior, Guerlain, and Givenchy.
LVMH’s global beauty retailer Sephora showed strong growth, particularly in Europe, the Middle East, and North America.
Coty
Coty’s sales in Q3 2024 increased by 8% on a reported basis, with growth reported in both Prestige and Consumer divisions across all regions and core categories.
CEO Sue Nabi emphasized Coty’s global presence and its success in key business areas, including global prestige and mass fragrances, and prestige cosmetics.
Inter Parfums
French fragrance company Inter Parfums announced a 4% increase in net sales in Q1, with strong performances from brands like Donna Karan/DKNY and GUESS.
The company highlighted the success of new product launches and expansion of European brand distributions.
Unilever
Unilever’s volume sales were up in Q1 2024, particularly driven by the Beauty & Wellbeing division and Power Brands like Dove and Sunsilk.
The company reported a Group turnover of €15bn, with positive growth in Beauty & Wellbeing, Personal Care, and Prestige Beauty divisions.
L’Oreal Group
L’Oreal Group achieved a 9.4% like-for-like sales growth in Q1 2024, with strong performances in all divisions and regions.
The Dermatological Beauty division saw a significant 21% sales increase, with notable growth in Europe and Emerging Markets.
CEO Nicolas Hieronimus expressed optimism for the industry’s growth capacity and highlighted the strong performance of major brands in various categories.
