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Wella Second Quarter Sales Decline

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By: TOM BRANNA

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Wella AG said second quarter 2003 sales fell from 847.7 million euros to 814.2 million euros. The three business divisions made the following contributions to sales: professional 47.6%, consumer 30.9% and cosmetics and fragrances 21.5%.Executives said exchange rate developments of the U.S. dollar, the Japanese yen and Latin American currencies also put a strain on business in the months from April to June. However, except in some Asian countries, the war in Iraq and the SARS epidemic had no sign...

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