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Sales & Earnings In Brief

This article was originally published in The Rose Sheet

Executive Summary

L'Oréal nine months: Sales for the first nine months of the year were up 6.5% on a like-for-like basis but fell 2.7% to $12.4 bil. (€1=$1.18) on a negative 9.3% currency impact, French beauty manufacturer reports Oct. 22. On a like for like basis professional products sales increased 8.4% to $1.7 bil., while consumer products sales jumped 7.6% to $6.83 bil. Sales of the luxury products division improved 1.9% to $2.86 bil. and sales of the active cosmetics division surged 11.1% to $696.5 mil. Intense program of product launches in fourth quarter is expected to help sales increase 7% for the year, L'Oréal says, confirming double-digit net operational growth for the year...
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