L'Oréal's consolidated sales for the first half ending 30 June 1998 increased to FF 37.95 billion.

Growth compared with the same first half in 1997 was 11.5 % on published figures and 11.1 %, excluding the impact of exchange rates.

Organic growth benefited 1.3 % from the consolidation of new cosmetics, dermatological and pharmaceuticals subsidiaries, mainly in Europe.

Sales growth by sector breaks down as follows :
Growth (%) On published figures Excl. exchange rate impact
Cosmetics 12.1% 11.5%
Dermatology 37.2% 32.2%
Pharmaceuticals 8.2% 8.4%