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Sales soar at cosmetic company Clarins

15
Oct '05
Cosmetic products selling firm Clarins announced the third quarter net results.

The company's net sales growth of 8.3 percent of the 2005 third quarter reinforces the Group confidence to reach its annual target.

The Beauty Division grew by 3.1 percent at average exchange rates and by 2.5 percent at constant exchange rates, after two consecutive quarters of decrease. This performance confirms the favourable sell out figures of the first semester.

The Perfume Division activity remains buoyant with an increase of 17.1 percent in net sales. This quarter has been particularly marked by the start of the launch of Alien, the new feminine fragrance by Thierry Mugler.

North America and Asia, more consequently, remain the most dynamic areas. Nevertheless, as in the 2nd quarter, Europe continued to show some signs of improvement. For the first nine months ended September, the consolidated net sales with an increase of 7.9 percent have overperformed the worldwide market growth.

With the last quarter events (a new advertisement campaign for Clarins Brand, the pursuit of launches of Alien by Thierry Mugler and of Onyx/Silver Black, a new version of Azzaro Pour Homme), the Group Management Board maintains its initial net sales objective of € 1 billion (at constant exchange rates) for 2005 fiscal year. The Group will proceed on October 27 with a bonus issue of one share for six.

Clarins, a French family-run business, began international activity in the early 70's when the first contracts with exclusive distributing agents were signed. The first subsidiaries were organized in the 80's starting with the USA in 1981. Today, the Clarins Group is made up of 19 subsidiaries across 150 countries with more than 5367 employees and an annual turnover of 922.6 M€ in 2002.

Clarins


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