January 25, 1999
1998 Sales: Euros 11.5 Billion (statement)
L'ORÉAL Group worldwide consolidated sales for 1998 totalled FF 75.4 billion (euros 11.5 billion), an increase of 9.1% on 1997.
Year on year, growth, excluding a negative exchange impact rate of 2.1%, amounted to an increase of 11.2 %.
The consolidation of new subsidiaries in the Cosmetics, Dermatology and Pharmaceutical Sectors in Western Europe and North America increased sales by 1.2%.
On a like-for-like basis, excluding the effects of changes in Group structure and at constant exchange rates, 1998 sales growth stood at a 10% increase versus 9.9% in the first half of the year and 8.4% in 1997. Sales growth by sector was as follows :
Sales Growth by sector (in percent)Year on year, growth, excluding a negative exchange impact rate of 2.1%, amounted to an increase of 11.2 %.
The consolidation of new subsidiaries in the Cosmetics, Dermatology and Pharmaceutical Sectors in Western Europe and North America increased sales by 1.2%.
On a like-for-like basis, excluding the effects of changes in Group structure and at constant exchange rates, 1998 sales growth stood at a 10% increase versus 9.9% in the first half of the year and 8.4% in 1997. Sales growth by sector was as follows :
| published figures | excluding exchange rate impact | |
|---|---|---|
| Cosmetics | + 9.6 % | + 11.9 % |
| Dermatology |
+ 24.9 % | + 25.3 % |
| Pharmaceuticals |
+ 6.8 % | + 8.0 % |
Sales growth by geographic zone was as follows :
Growth in Cosmetics Sector Sales by Geographic Zone (in percent)| published figures | excluding exchange rate impact | |
|---|---|---|
| Western Europe | + 11.8 % | + 12.1 % |
| North America | + 12.7 % | + 12.3 % |
| Rest of the world |
- 1.0 % | + 10.8 % |
Based on preliminary estimates, consolidated results should be in line with the forecasts announced in October 1998. They will be published on February 24, 1999.
