L’Oréal : First Half Sales : + 11.5 % Group

L'Oréal's consolidated sales for the first half ending 30 June 1998 increased to FF 37.95 billion.
Growth compared with the same first half in 1997 was 11.5 % on published figures and 11.1 %, excluding the impact of exchange rates.

Organic growth benefited 1.3 % 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
12,1 %
11,5 %
* Dermatology
37,2 %
32,2 %
* Pharmaceuticals
8,2 %
8,4 %