April 6, 1998
Quaterly sales: + 13.6 %
L'Oréal's consolidated sales for the quarter ending 31 March 1998 increased to FF 18.76 billion.
Growth compared with the same quarter in 1997 was 13.6% on published figures and 11.6%, excluding the impact of exchange rates.
Organic growth benefited 1.1% from the consolidation of new cosmetics, dermatological and pharmaceuticals subsidiaries, mainly in Europe.
Sales growth by sector breaks down as follows :
Growth compared with the same quarter in 1997 was 13.6% on published figures and 11.6%, excluding the impact of exchange rates.
Organic growth benefited 1.1% from the consolidation of new cosmetics, dermatological and pharmaceuticals subsidiaries, mainly in Europe.
Sales growth by sector breaks down as follows :
| Growth (%) | On published figures | Excl. exchange rate impact |
|---|---|---|
| Cosmetics | 14.5 % | 12.4 % |
| Dermatology | 37.6 % | 30.1 % |
| Pharmaceuticals | 9 % | 7.9 % |
