L’Oréal rides the storm

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L?Oréal has announced solid growth for 2001 despite the disruptive effect of world events since September. Consolidated sales reached Eur13.7bn ($12.3bn), a year-on-year growth rate of 8.4%.

According to the company, the group?s cosmetics sector continued to grow faster than the world market, an achievement it attributes to strong international growth combined with the successful worldwide roll-out of the group?s core brands. Fourth quarter sales were up 6.2% on last year, although growth was slower in north America as some retailers cut down on stock after 11 September.