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L'Oreal shares rise 5% in pre-market trade after strong first quarter

By Dominique Patton

PARIS, April 23 (Reuters) - Shares in L'Oreal OREP.PA rose about 5% on the Tradegate platform after the French cosmetics group posted first-quarter sales growth of 6.7% late on Wednesday, its fastest quarterly growth in two years.

The group said consumers in the U.S., China and Europe all bought more of its premium hair products and perfume in the quarter and that it was optimistic about growth despite growing concerns about consumer confidence in the face of the war in the Middle East.

 (Reporting by Dominique Patton
Editing by David Goodman
)

 ((dominique.patton@thomsonreuters.com))

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