Groupe Clarins reported Thursday net sales for its third quarter ended Sept. 30 were up 8.7 percent at average exchange and 8.3 percent at a constant exchange rate to 238.1 million euros, or $285.3 million.
PARIS — Groupe Clarins reported Thursday net sales for its third quarter ended Sept. 30 were up 8.7 percent at average exchange and 8.3 percent at a constant exchange rate to 238.1 million euros, or $285.3 million.
The French cosmetics group's beauty division, which includes its flagship Clarins brand, saw sales increase by 3.1 percent at average exchange and 2.5 percent at constant exchange in the quarter. "This performance confirms the favorable sellout figures of the first semester," the company said in a statement.
Sales in Clarins' perfume division jumped 17.1 percent at constant exchange. The company cited the launch of Thierry Mugler's new women's fragrance, Alien, as a key factor in the surge.
North America and Asia put up dynamic performances in the quarter, Clarins noted, adding, "Europe continued to show some signs of improvement."
For the first nine months of the year, Clarins registered net sales of 698.7 million euros, or $837.2 million, an increase of 7.1 percent at average exchange. At constant exchange, sales were up 7.9 percent.
By division in the nine-month period, Clarins' beauty branch generated sales of 424.2 million euros, or $508.3 million, down 0.7 percent at average exchange and down 0.3 percent at constant exchange. Its fragrance business rang up 274.5 million euros, or $328.9 million, up 22 percent at average exchange and up 23.5 percent at constant exchange.
By region at average exchange for the period, Europe reported a sales increase of 3 percent to 412.3 million euros, or $493.9 million; North America grew 7.5 percent to 166.5 million euros, or $199.5 million; Asia was up 25.1 percent to 70.2 million, or $84.1 million, while "other countries" saw a hike of 20.8 percent to 49.7 million, or $59.5 million. At constant exchange, sales were up 3.4 percent, 9.7 percent, 24.6 percent and 22.3 percent, respectively.
The French cosmetics firm reiterated its goal of reaching its full-year sales target of 1 billion euros, or $1.2 billion.
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