L’Oréal first half sales
This article was originally published in The Rose Sheet
Executive Summary
Company reaffirms double-digit growth in net profit for the year despite currency fluctuations that reduced consolidated sales 3.2% for the first half of the year, company reports July 9. On a like-for-like basis, sales for the period grew 7.1% to $7.91 bil. (€1=$1.13). Sales of the consumer products division increased 9.3% to $4.47 bil., while the professional products division was up 8.8% to $1.11 bil. Luxury products improved .2% to $1.78 bil. and sales of active cosmetics increased 10.9% to $485.2 mil. North American revenues advanced 6.1% to $2.12 bil...