Sales, at September 30th 2007, amounted to 12.639 billion euros, an increase of +8.6% based on reported figures (+7.7% like-for-like). Full-year targets are confirmed.
Commenting on the figures, Mr Jean-Paul AGON, Chief Executive Officer of L'Oréal, said:
"The high 3rd quarter growth rate confirms the clear acceleration of sales recorded since the start of the year. The group's expansion reflects homogeneous growth in all our divisions
From a geographic viewpoint, we are maintaining solid growth in Western Europe. As we had expected, the improvement in North America is gradual. And the very strong dynamism of the countries in the Rest of the World is continuing, particularly in Eastern Europe.
In view of the strong growth achieved in the first 9 months, we can confirm our like-for-like sales growth target bracket for 2007 of + 7% to + 8%. Although full-year negative exchange rate impact has increased, we are confirming our target of double-digit net earnings per share growth in 2007."
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