L’Oréal results
This article was originally published in The Rose Sheet
Executive Summary
L'Oréal True Match foundation and Garnier Fructis hair care helped drive Consumer Products sales up 5.1% like-for-like, or 2.2% on a reported basis, to $5 bil. (€1=$1.24) in the first half of 2004, French beauty company reports June 8. Luxury Products revenue rose 6.9% like-for-like, or 4% on a reported basis, to $2.03 bil., benefiting from sales of Lancôme Color ID makeup and Hypnôse mascara, firm adds. In North America, sales were up 6.2% like-for-like, but declined 2.7% on a reported basis to $2.26 bil. Western European revenues, impacted by "sluggish" consumer spending in France, Germany and Italy, were up 1.7% like-for-like, or 1.8% reported, to $4.84 bil. Consolidated sales were up 6.4% like-for-like, or 3.6% on a reported basis, to $9.17 bil...