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Clarins financials

This article was originally published in The Rose Sheet

Executive Summary

Beauty division posted 8.7% sales increase in the first half on constant currency basis to reach $312.7 mil. (€1=$1.12) on strength of skin care products and introduction of a new makeup tester unit. At average exchange rates, sales were flat. Perfume sales were up 3.3% to $156.7 mil. on a constant currency basis, but fell 6.6% at average rates. Total cosmetics sales increased 6.7% to $469.3 mil. Total group sales including Thierry Mugler couture were $481.8 mil., down 2.9% at average rates. Earnings will be released Sept. 11...
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