Emerging markets boost L'Oréal Q1 sales

PARIS - French cosmetics maker L'Oreal on Thursday reported 9.4 percent revenue growth for the first quarter, lifted by big-spending emerging-market consumers and renewed appetite for high-end luxury goods.

L'Oreal also said it was confident that it would outperform the market in 2012 and grow sales and profits this year.

First-quarter revenue grew 9.4 percent, to 5.64 billion euros ($7.43 billion). On a like-for-like basis the increase was 6.4 percent.