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.
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