Strong sales growth maintained in the first nine months: 10.8 billion euros in sales - a growth of 8.6% like-for-like

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'OREAL, once again asserted his confidence that strong like-for-like growth would continue to year end.