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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.: Net sales increased 11.2% to $2.84 bil. (FFr 16.5 bil.) for the first quarter, based on an April 14 exchange rate of $1 = 5.8155 FFr. Excluding the impact of structural changes and exchange rates, sales rose 6.3%. The company completed its purchase of Maybelline on Feb. 12, 1996 for $44 a share ("The Rose Sheet" Feb. 12, 1996, In Brief). Other acquisitions affecting revenue results include the purchase of the Swiss lab Giuliani S.A., on Oct. 1 and the German lab Henning Berlin GmbH on Nov. 1. Exchange rates positively affected sales 3.3%, the company added...

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