Strong Sales Growth Maintained In The First Nine Months:
€ 10.8 Billion In Sales, A Growth Of 8.6% Like-For-Like Investors / Shareholders

Clichy, Thursday 10th October 2002

The consolidated sales of L'Oréal at 30th September 2002 amounted to € 10.8 billion.

This represents a growth of 4.5% based on consolidated figures compared with 30th September 2001.

The effect of currency fluctuations was negative at -3.7% over the first 9 months, compared with -2.5% in the first 6 months of the year.

The change in the scope of consolidation was negative at -0.4% in the period to 30th September 2002.



On a like-for-like basis, based on a constant group structure and exchange rates, the group recorded a growth of +8.6% in its consolidated sales, the same level as at the end of June.

The sales achieved by the two main branches were as follows:

  € millions Growth (as %)
  Consolidated figures Like-for-like
Cosmetics 10,600 +4.8% +8.4%
Dermatology 224 +11.1% +17.2%


Confidence for the year as a whole


In view of these figures, Mr Lindsay OWEN-JONES, Chairman and Chief Executive Officer of L’Oréal, once again asserted his confidence that strong like-for-like growth would continue to year end.

L'ORÉAL contacts
Shareholders and market authorities
M. François Archambault
Tél.: +33 (0)1.47.56.83.45
http://www.loreal-finance.com
Analysts and Institutional Investors
Mrs Caroline Millot
Tél. : +33 (0)1.47.56.86.82
Fax : +33 (0)1.47.56.80.02
Journalists
M. Lorrain KRESSMANN
Tél. : +33 (0)1.47.56.40.24
http://www.loreal.com
For further information, please consult your bank, broker or financial institution, or your usual newspapers. Alternatively, you may consult the Internet site specially provided for shareholders and investors, http://www.loreal-finance.com. Alternatively, call the following number : +33 1 58 13 51 36

L'OREAL - 41 rue Martre - 92117 CLICHY -France