PARIS — Groupe Clarins registered a net profit increase of 11.2 percent to 96.7 million euros, or $115.8 million at current exchange rates, in 2005 versus the prior-year period.
At constant exchange, net profits rose 11.4 percent.
Operating profits increased 4.5 percent — both at average and constant exchange — to 126.4 million euros, or $151.4 million, last year over 2004.
As reported, the company’s net sales almost hit the billion-euro mark in 2005. These came in at 998.2 million euros, or $1.21 billion, an uptick of 7.1 percent. At constant exchange, sales grew 6.7 percent.
Clarins said in a statement that it expects to post “further like-for-like growth in sales.” This comes despite the discontinuation on Jan. 1 of the company’s distribution of Procter & Gamble-owned fragrance brands in the U.S. These rang up sales of 94.4 million euros, or $113.1 million, last year.
“This shortfall will be virtually fully offset by internal growth of the group’s existing businesses,” Clarins said in the statement.
This story first appeared in the March 24, 2006 issue of WWD. Subscribe Today.