L'Oreal
This article was originally published in The Rose Sheet
Executive Summary
Cosmetics sales grew 11.9% to $10.5 bil. in 1999 and profit before taxes and employee sharing rose 13.2% to $1.12 bil. Dermatology sales jumped 31.6% to $199 mil. Consolidated worldwide sales increased 12.1% to $10.77 bil. in 1999, and net profits before capital gains/losses jumped 15.3% to $698 mil. Sales growth is based on pro forma figures, excluding Synthelabo, which merged with Sanofi in 1999. L'Oreal sales achieved a 4% positive structural impact due to the consolidation of cosmetics and dermatology subsidiaries in the U.S