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Wella 2002 Sales Bolstered by Fragrances

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By: TOM BRANNA

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Darmstadt, Germany-based Wella AG posted a better-than-expected rise in 2002 sales, helped by a string of acquisitions in its fragrance division and forecast further growth in 2003.The maker of cosmetics, hair care and fragrance products saw 2002 sales of $3.6 billion, up 11% according to provisional figures. For 2003, Wella expects sales growth between 10% and 13% adjusted for currency effects, and a double-digit EBIT margin.At a time when rival Unilever is getting out of fragrances, analysts w...

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