SALES UP 14.5% FOR L’OREAL
PARIS — French beauty giant L’Oreal posted consolidated sales for the first half of 2000 of $5.76 billion (FF40.33 billion), up 14.5 percent over the same period in 1999. (All figures are at current exchange rates.)
Currency effects had a positive impact of 6.2 percent, the company said in a statement.
At comparable group structure and at constant exchange rates, the consolidated volume would have been up by 8.1 percent; excluding currency fluctuations it would have been up by 8.2 percent.
For the period, cosmetics volume was up by 14.5 percent, and sales of dermatology products were up by 13.1 percent. Without currency effects, they would have risen 8.4 percent and 2.9 percent, respectively.
Sales of the Kiehl’s and Matrix brands will be consolidated from July, the company said.