L’Oréal: Quarterly Sales: + 13.6% Group
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 (%) | |||
| On published figures | Excl. exchange rate impact | ||
| Cosmetics | 14,5 % | 12,4 % | |
| Dermatology | 37,6 % | 30,1 % | |
| Pharmaceuticals | 9 % | 7,9 % | |