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
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L'Oreal
North American cosmetic sector profits reached an18.3% increase in 1999, the firm reports. Consolidated operating profit grew 12.1% to approximately $10.4 bil. (70.52 bil. FFr) and net profit climbed 15.1% to $798.6 mil. (5.43 bil. FFr). L'Oreal launched two Web sites for Lancome and Le Club des Createurs de Beaute during the year. A cosmetics sales increase of 11.9% to $10.5 bil. for 1999 previously was reported (1"The Rose Sheet" Feb. 28, In Brief). First quarter consolidated sales rose 15.5% to roughly $2.9 bil. (19.8 bil. FFr) in 2000 and cosmetics sales increased 15.3%
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