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L'Oreal

This article was originally published in The Rose Sheet

Executive Summary

First half cosmetics sales rose 10.7%, or 13.5% excluding currency effects, the company announced July 15. L'Oreal's dermatology business shot up 40.5% on published figures, and 43.6% without the impact of exchange rates. The consolidation of the cosmetics and dermatology business had a positive impact of .8%. Consolidated sales increased 11% to $5.48 bil. Sales increased 13.8% excluding currency effects. Currency had a negative effect of 2.8%, compared to a positive impact of .6% in the second half of 1998
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