CLARINS SALES CLIMB 15.8% IN BANNER YEAR
PARIS — Clarins SA said consolidated sales rose 15.8 percent in 1996 to $533 million (2.965 billion francs), including the acquisition of Parfums Azzaro and Parfums Montana. All of the group’s divisions reported growth except makeup, where sales were down 3.3 percent to $62 million (345.2 million francs). Excluding acquisitions and exchange rate fluctuations, total sales were up 9.1 percent.
As expected, shareholders this week approved a capital increase, and the company immediately announced it was issuing zero-coupon convertible bonds worth $160 million to $185 million (890 million to 1,024 million francs).
Executives said they were looking at further acquisitions, but declined to comment on which companies might be targets. Yves Saint Laurent, Nina Ricci and Yves Rocher, which are held all or in part by Sanofi, have been mentioned by financial analysts as good possibilities for Clarins.
Analysts have estimated that Clarins could make a $350 million acquisition.
The company said it continued to reinforce its leadership position in treatment in France and Europe. Skin care sales were up 9.3 percent to $327 million (1.821 billion francs).
The fragrance division, including Azzaro and Montana, which were acquired in July 1995, had sales of $124 million (686.8 million francs), up 54.9 percent. Mugler’s Angel fragrance was up 25.3 percent to $39 million (214.3 million francs).
Meanwhile, A Men, which launched in November, had sales of $5 million (30 million francs) for 1996. However, sales at Azzaro and Montana were down 7.6 percent to $75 million (413.9 million francs).