Consolidated sales of the L'ORÉAL group at 31st March, 2000 totalled EUR 3.019 billion (FRF 19.8 billion).

The increase compared with the first quarter 1999 is 15.5%.

Foreign exchange had a positive impact of 6.9%.

On a like-for-like basis, i.e, with identical structure and exchange rates, the increase of consolidated sales of the Group rose 8.5% and excluding currency effects 8.6%.

For the record, growth of the consolidated sales on a like-for-like basis, in the first quarter 1999, was exceptional at 13.8%.

The increase in Group sales per main branch was as follows :
Published figures Excluding currency effect
Cosmetic +15.3% +8.5%
Dermatology +25.9% +13.4%