SELECTIVE RETAILING EXCELLENT PERFORMANCE BY SEPHORA; DFS IMPACTED BY HEALTH RESTRICTIONS IN CHINA
Sephora
Revenue €6,630m +22% vs H1 2021(1)
Profit from recurring operations €367m +181% vs H1 2021
Operating margin 5.5%
(1) With comparable structure and constant exchange rates.
Sephora
In Selective Retailing, revenue was up 22% in the first half of 2022. Profit from recurring operations was up 181%.
Sephora enjoyed an excellent performance with a strong rebound in its in-store activity. Momentum was particularly strong in North America, France and the Middle East. Investments in Sephora's omnichannel strategy continued with the aim of continuously improving the purchasing experience of its customers both online and in-store. DFS, for its part, was impacted during the first half by persistent weakness of international travel, notably due to the tightening of health restrictions in China.