L'ORÉAL Group worldwide consolidated sales for 1998 totalled FF 75.4 billion (euros 11.5 billion), an increase of 9.1% on 1997.
Year on year, growth, excluding a negative exchange rate impact of 2.1 %, amounted to an increase of 11.2 %.
The consolidation of new subsidiaries in the Cosmetics, Dermatology and Pharmaceutical Sectors in Western Europe and North America increased sales by 1.2%.
On a like-for-like basis, excluding the effects of changes in Group structure and at constant exchange rates, 1998 sales growth stood at a 10% increase versus 9.9% in the first half of the year and 8.4% in 1997.
Sales growth by sector was as follows :
Western Europe accounted for 57.1% of consolidated cosmetics sales in 1998, North America for 25.6% and the rest of the world for 17.3%.
Sales growth by geographic zone was as follows:
|Rest of the world|
Based on preliminary estimates, consolidated results should be in line with the forecasts announced in October 1998. They will be published on February 24, 1999.