French luxury group LVMH announced its operating income for perfumes and cosmetics rose 11% in local currency, to $197.7 million, in 2003.
Parfums Christian Dior continued to record high profitability within a competitive environment, LVMH executives said.
Innovation in makeup and skin care, including the success of Addict and Capture, and continued development of J’adore perfume sustained the activity of the brand.
Guerlain launched a new perfume for women, L’Instant, which LVMH executives said was one of its most successful launches for the year.
Other launches in 2003, including Givenchy’s Very Irresistible and Parfums Kenzo’s Kenzo Air, also contributed to the strong performance of perfumes and cosmetics.
In addition, U.S. cosmetics company BeneFit demonstrated profitable development with double-digit sales growth.