Middle East conflict had impact of around 100 mln euros on Q1 turnover, L'Oreal CEO says

ReutersApr 24, 2026 4:53 PM

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April 24 (Reuters) - L'Oreal OREP.PA CEO tells shareholders:

L'OREAL CEO: CONFLICT IN MIDDLE EAST HAD AN IMPACT OF AROUND 100 MILLION EUROS ON FIRST QUARTER TURNOVER
L'OREAL CEO: EXPECT IMPACT OF TARIFFS THIS YEAR TO BE ABOUT DOUBLE THAT OF LAST YEAR'S 100 MILLION EUROS
L'OREAL CEO: WILL START TO WORK ON GUCCI PROBABLY A YEAR BEFORE LICENCE WITH COTY EXPIRES IN 2028, HOPE TO GET IT A BIT EARLIER THAN THEN

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