L'Oreal (OR FP) Q1 2026 (EUR): Sales +6.7% LFL to 12.15bln, Q1 China growth at mid-to-high single digits. Q1 North America Growth of +7.6% LFL; H2 25 recovery in US and China continued and co. outpaced market in both

L'Oreal's Q1 2026 sales growth of 6.7% year-on-year demonstrates solid performance, particularly in China and North America, suggesting they are effectively navigating regional market challenges. However, the impact of geopolitical tensions in the Middle East could pose a risk to future growth, particularly in the UAE. Overall, L'Oreal's ability to outpace market trends, especially in major markets, indicates a strong underlying demand for their products.