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In Brief: L'Oreal S.A.

This article was originally published in The Rose Sheet

Executive Summary

L'Oreal S.A.: Predicts consolidated net sales growth of 12%-13% in 1995 based "on published figures at current exchange rates." Net sales in 1994 were FFr 47.62 bil. The growth will "reflect the reduced impact of the change in structure on the second half," L'Oreal adds. Overall net sales for the first six months of 1995 rose 6.9% on a comparable basis and 22.8% for the same period based on published figures. L'Oreal attributed the disparity in the growth figures to a 20.6% increase related to changes in how the company structures its subsidiaries structure and a negative exchange difference of 4.7%, reflecting the average decline between the French franc and other currencies. First half operating profit advanced 11.1%...
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