The French cosmetics group L'Oréal increased its turnover and profit in 2024. Thanks to solid growth of a good five per cent, turnover rose to 43.48 billion euros, the company announced. Net profit totalled 6.41 billion euros. ‘We have achieved solid, broad-based growth and once again outperformed the global beauty market,’ said CEO Nicolas Hieronimus. However, a clear downward trend continued in China. Meanwhile, the L'Oréal Group acquired a minority stake in the innovative designer brand Jacquemus. Further information https://www.loreal-finance.com/eng/news-release/2024-annual-results and https://www.loreal.com/en/press-release/group/exclusive-agreement-with-jacquemus/