Sales & Earnings In Brief
This article was originally published in The Rose Sheet
Executive Summary
Clarins: Sales for the year grew 7.7% to $1.12 bil. (€1=$1.26) before currency exchange, which had a negative impact on sales and resulted in a flat performance for the year, Clarins reports Feb. 5. Results before currency surpassed the 5% target growth announced by Clarins at the beginning of last year, French firm adds. Sales benefited from particularly strong growth in North America and Asia, up 11% and 8.4%, respectively, at constant exchange rates. Beauty sales grew 9% before currency and 1.6% at average exchange rates to $696.6 mil., while perfume sales grew 5.6% before currency and fell 3.6% at average exchange rates to $425.3 mil...