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

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)
Analysts and Institutional Investors
Mrs Caroline Millot
Tél. : +33 (0)
Fax : +33 (0)
Tél. : +33 (0)
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, Alternatively, call the following number : +33 1 58 13 51 36

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