January 25, 2000
Annual Consolidated Sales 1999
The consolidated sales of L'OREAL worldwide amounted, in 1999, to FF 70.5 billion (EUR 10.7 billion). Sales growth was 12.1% against 1998 on published pro forma figures, i.e. excluding Synthélabo which merged with Sanofi in 1999.
Sales growth amounted to 11.7%, excluding the 0.4% positive currency effects.
L'OREAL benefited from a positive structural impact of 0.4% due to the consolidation of cosmetics and dermatology subsidiaries on the American continent.
On a like-for-like basis, i.e. with same structure and exchange rates, group sales growth was 11.3% at the end of 1999 compared with 10.6% in 1998 excluding Synthélabo.
Group sales growth per main branch is as follows:
Group sales growth by branch (%)Sales growth amounted to 11.7%, excluding the 0.4% positive currency effects.
L'OREAL benefited from a positive structural impact of 0.4% due to the consolidation of cosmetics and dermatology subsidiaries on the American continent.
On a like-for-like basis, i.e. with same structure and exchange rates, group sales growth was 11.3% at the end of 1999 compared with 10.6% in 1998 excluding Synthélabo.
Group sales growth per main branch is as follows:
| published figures | excluding currency effects | |
|---|---|---|
| Cosmetics | + 11.9 % | + 11.5 % |
| Dermatology |
+ 31.6 % | + 30.9 % |
The breakdown of cosmetics sales last year by main geographical area was as follows : 56.1 % in Western Europe, 27.1 % in North America, and 16.8 % in the rest of the world.
On a like-for-like basis, growth in cosmetics sales was higher than the previous year : 11 % in 1999 compared with 10.6 % in 1998. Cosmetics sales grew strongly in the main areas :
Growth in cosmetics sales by area (%)On a like-for-like basis, growth in cosmetics sales was higher than the previous year : 11 % in 1999 compared with 10.6 % in 1998. Cosmetics sales grew strongly in the main areas :
| published figures | excluding currency effects | |
|---|---|---|
| Western Europe | + 9.8 % | + 9.5 % |
| North America | + 18.3 % | + 12.5 % |
| Rest of the World |
+ 9.4 % | + 16.7 % |
Based on preliminary estimates, consolidated results are in line with the trends announced by Mr. Lindsay OWEN-JONES, Chairman and Chief Executive Officer, in October 1999. They will be published on February the 23rd, 2000.
