L'Oréal's consolidated sales for the quarter ending 31 March 1998 increased to FF 18.76 billion.

Growth compared with the same quarter in 1997 was 13.6% on published figures and 11.6%, excluding the impact of exchange rates.

Organic growth benefited 1.1% 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 14.5 % 12.4 %
Dermatology 37.6 % 30.1 %
Pharmaceuticals 9 % 7.9 %