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Story summary
- L'Oréal shares jumped up to 10% after Q1 results beat forecasts.
- Organic sales rose 7.6% to €12.2 billion, well above analysts’ ~3% estimate.
- Excluding one-off items, organic growth was 6.7%.
- CEO Nicolas Hieronimus said L'Oréal outperformed the beauty market and accelerated global market-share gains.
- Barclays analysts called the growth impressive and noted the cosmetics market’s 4% expansion shows no sign of slowing.
