PARIS, Oct. 11, 2001 (PRIMEZONE) -- L'oreal's (Paris Stock Exchange:OR) consolidated sales up to September 30, 2001 amounted to 10.4 billion euros.
Sales growth, based on consolidated figures, is 10.2% compared with September 30, 2000.
The positive impact of exchange rate fluctuations, which was 1.8% for the first six months, amounted to 0.5% for the first nine months. The growth rate excluding exchange rate fluctuations was thus 9.7%.
In structural terms, L'Oreal benefited from a positive effect of 2.4% due to the consolidation of Matrix, Kiehl's, Carson and Biomedic.
On a like-for-like basis, i.e. with an identical structure and exchange rate, the group's consolidated sales grew by 7.3%.
The group's sales in its main branches were as follows:
Millions of euros Growth (%)
Consolidated Excluding exchange
figures rate effect
Cosmetics 10 112 +10.6% +10.1%
Dermatology 202 +6.7% +5.1%
Confidence for the Year as a Whole
In the short-term, September sales were affected by the recent tragic events, particularly in the United States. However, unless further unforeseeable events occur, the group remains confident that the impact on its annual results, as estimated on September 4, should only be marginal.
For further information, please contact your bank, broker or financial institution, or your usual newspapers. Alternatively, you may consult the Internet site for shareholders and investors http://www.loreal-finance.com; or contact the local-rate call center on: 33 1 58 13 51 36 - L'Oreal - 41 rue Martre - 92117 CLICHY-France.