Exhibit 99.1
AVON PRODUCTS, INC.
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FIRST QUARTER 2005 - THREE MONTHS ENDED 3/31/05 |
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COMMERCIAL BUSINESS UNIT RESULTS |
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$ in Millions | | Total Revenue US$ | | | Total Revenue in Local Currency | | | | Operating Profit US$ | | | Operating Profit in Local Currency | | | Op. Margin | | | | Global Expenses | | | Units | | | Active Reps | |
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| | | | | % var. vs 1Q04 | | | % var. vs 1Q04 | | | | | | | % var. vs 1Q04 | | | % var. vs 1Q04 | | | 2005 percent | | | | | | | % var. vs 1Q04 | | | % var. vs 1Q04 | |
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North America | $ | 594.7 | | | -5 | % | | -6 | % | | $ | 64.4 | | | -15 | % | | -15 | % | | 10.8 | % | | $ | 17.9 | | | -8 | % | | -1 | % |
Latin America | | 477.2 | | | 10 | | | 8 | | | | 82.4 | | | 13 | | | 12 | | | 17.3 | | | | 15.9 | | | 5 | | | 11 | |
Central & Eastern Europe | | 296.3 | | | 27 | | | 16 | | | | 88.7 | | | 31 | | | 20 | | | 29.9 | | | | 8.7 | | | 7 | | | 17 | |
West Eur., ME & Africa | | 233.7 | | | 7 | | | 3 | | | | 4.9 | | | 57 | | | 78 | | | 2.1 | | | | 7.5 | | | 3 | | | 7 | |
Asia Pacific (1) | | 214.7 | | | 4 | | | 2 | | | | 29.3 | | | 7 | | | 5 | | | 13.6 | | | | 6.4 | | | 3 | | | 12 | |
China | | 64.5 | | | 37 | | | 37 | | | | 14.5 | | | 119 | | | 118 | | | 22.5 | | | | 1.5 | | | 55 | | | 0 | |
Total from Operations (1) | | 1,881.1 | | | 7 | | | 4 | | | | 284.2 | | | 12 | | | 9 | | | 15.1 | | | | 57.9 | | | 3 | | | 9 | |
Global Expenses | | - | | | - | | | - | | | | (23.7 | ) | | 2 | | | 2 | | | - | | | | 23.7 | | | - | | | - | |
Consolidated (1) | $ | 1,881.1 | | | 7 | % | | 4 | % | | $ | 260.5 | | | 14 | % | | 9 | % | | 13.9 | % | | $ | 81.6 | | | 3 | % | | 9 | % |
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(1) Growth in Active Representatives was positively impacted by an increase in the number of sales campaigns in the Philippines in the second quarter of 2004, resulting in additional opportunities to order. This change positively impacted Active Representative growth in Asia Pacific and Consolidated Avon for the three months ended March 31, 2005 by 9 points and 1 point, respectively.
AVON PRODUCTS, INC.
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SECOND QUARTER 2005 - THREE MONTHS ENDED 6/30/05 |
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COMMERCIAL BUSINESS UNIT RESULTS |
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$ in Millions | | Total Revenue US$ | | | Total Revenue in Local Currency | | | | Operating Profit US$ | | | Operating Profit in Local Currency | | | Op. Margin | | | | Global Expenses | | | Units | | | Active Reps | |
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| | | | | % var. vs 2Q04 | | | % var. vs 2Q04 | | | | | | | % var. vs 2Q04 | | | % var. vs 2Q04 | | | 2005 percent | | | | | | | % var. vs 2Q04 | | | % var. vs 2Q04 | |
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North America | $ | 617.8 | | | -4 | % | | -5 | % | | $ | 95.5 | | | -9 | % | | -10 | % | | 15.5 | % | | $ | 14.5 | | | -10 | % | | -2 | % |
Latin America | | 560.3 | | | 17 | | | 10 | | | | 127.2 | | | 17 | | | 9 | | | 22.7 | | | | 12.8 | | | 9 | | | 9 | |
Central & Eastern Europe | | 276.3 | | | 16 | | | 8 | | | | 79.7 | | | 10 | | | 1 | | | 28.9 | | | | 6.9 | | | 11 | | | 11 | |
West Eur., ME & Africa | | 267.5 | | | 7 | | | 4 | | | | 29.2 | | | 27 | | | 24 | | | 10.9 | | | | 6.0 | | | 8 | | | 4 | |
Asia Pacific | | 218.1 | | | 5 | | | 2 | | | | 32.7 | | | 8 | | | 3 | | | 15.0 | | | | 5.1 | | | 1 | | | 4 | |
China | | 44.3 | | | -19 | | | -19 | | | | (1.4 | ) | | -115 | | | -115 | | | -3.1 | | | | 1.2 | | | -22 | | | 0 | |
Total from Operations | | 1,984.3 | | | 6 | | | 2 | | | | 362.9 | | | 4 | | | -1 | | | 18.3 | | | | 46.5 | | | 2 | | | 6 | |
Global Expenses | | - | | | - | | | - | | | | (18.9 | ) | | -17 | | | -17 | | | - | | | | 18.9 | | | - | | | - | |
Consolidated | $ | 1,984.3 | | | 6 | % | | 2 | % | | $ | 344.0 | | | 6 | % | | 0 | % | | 17.3 | % | | $ | 65.4 | | | 2 | % | | 6 | % |
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SIX MONTHS ENDED 6/30/05 |
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COMMERCIAL BUSINESS UNIT RESULTS |
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$ in Millions | | Total Revenue US$ | | | Total Revenue in Local Currency | | | | Operating Profit US$ | | | Operating Profit in Local Currency | | | Op. Margin | | | | Global Expenses | | | Units | | | Active Reps | |
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| | | | | % var. vs 1H04 | | | % var. vs 1H04 | | | | | | | % var. vs 1H04 | | | % var. vs 1H04 | | | 2005 percent | | | | | | | % var. vs 1H04 | | | % var. vs 1H04 | |
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North America | $ | 1,212.4 | | | -4 | % | | -5 | % | | $ | 159.9 | | | -11 | % | | -12 | % | | 13.2 | % | | $ | 32.4 | | | -9 | % | | -2 | % |
Latin America | | 1,037.5 | | | 14 | | | 9 | | | | 209.6 | | | 16 | | | 10 | | | 20.2 | | | | 28.7 | | | 7 | | | 10 | |
Central & Eastern Europe | | 572.7 | | | 21 | | | 12 | | | | 168.4 | | | 20 | | | 10 | | | 29.4 | | | | 15.6 | | | 9 | | | 14 | |
West Eur., ME & Africa | | 501.2 | | | 7 | | | 4 | | | | 34.1 | | | 31 | | | 29 | | | 6.8 | | | | 13.5 | | | 6 | | | 5 | |
Asia Pacific (1) | | 432.8 | | | 5 | | | 2 | | | | 62.0 | | | 7 | | | 4 | | | 14.3 | | | | 11.5 | | | 2 | | | 8 | |
China | | 108.8 | | | 7 | | | 7 | | | | 13.1 | | | -17 | | | -17 | | | 12.1 | | | | 2.7 | | | 9 | | | 0 | |
Total from Operations (1) | | 3,865.4 | | | 6 | | | 3 | | | | 647.1 | | | 8 | | | 3 | | | 16.7 | | | | 104.4 | | | 3 | | | 8 | |
Global Expenses | | - | | | - | | | - | | | | (42.6 | ) | | -7 | | | -7 | | | - | | | | 42.6 | | | - | | | - | |
Consolidated (1) | $ | 3,865.4 | | | 6 | % | | 3 | % | | $ | 604.5 | | | 9 | % | | 4 | % | | 15.6 | % | | $ | 147.0 | | | 3 | % | | 8 | % |
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(1) Growth in Active Representatives was positively impacted by an increase in the number of sales campaigns in the Philippines in the second quarter of 2004, resulting in additional opportunities to order. This change positively impacted Active Representative growth in Asia Pacific and Consolidated Avon for the six months ended June 30, 2005 by 4 points and 1 point, respectively.
AVON PRODUCTS, INC.
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THIRD QUARTER 2005 - THREE MONTHS ENDED 9/30/05 |
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COMMERCIAL BUSINESS UNIT RESULTS |
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$ in Millions | | Total Revenue US$ | | | Total Revenue in Local Currency | | | | Operating Profit US$ | | | Operating Profit in Local Currency | | | Op. Margin | | | | Global Expenses | | | Units | | | Active Reps | |
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| | | | | % var. vs 3Q04 | | | % var. vs 3Q04 | | | | | | | % var. vs 3Q04 | | | % var. vs 3Q04 | | | 2005 percent | | | | | | | % var. vs 3Q04 | | | % var. vs 3Q04 | |
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North America | $ | 573.8 | | | -3 | % | | -4 | % | | $ | 54.9 | | | -8 | % | | -10 | % | | 9.6 | % | | $ | 16.3 | | | -1 | % | | -3 | % |
Latin America | | 554.7 | | | 14 | | | 4 | | | | 111.0 | | | -4 | | | -13 | | | 20.0 | | | | 14.5 | | | 4 | | | 8 | |
Central & Eastern Europe | | 263.2 | | | 16 | | | 10 | | | | 64.0 | | | 18 | | | 11 | | | 24.3 | | | | 7.7 | | | -5 | | | 7 | |
West Eur., ME & Africa | | 241.5 | | | 1 | | | 1 | | | | 9.1 | | | -43 | | | -46 | | | 3.8 | | | | 6.8 | | | 1 | | | 4 | |
Asia Pacific | | 207.6 | | | 0 | | | -1 | | | | 27.9 | | | -3 | | | -6 | | | 13.5 | | | | 5.7 | | | -4 | | | -3 | |
China | | 45.2 | | | -16 | | | -17 | | | | 1.6 | | | -80 | | | -80 | | | 3.4 | | | | 1.4 | | | -16 | | | 0 | |
Total from Operations | | 1,886.0 | | | 4 | | | 1 | | | | 268.5 | | | -5 | | | -11 | | | 14.2 | | | | 52.4 | | | 0 | | | 4 | |
Global Expenses | | - | | | - | | | - | | | | (21.4 | ) | | 6 | | | 6 | | | - | | | | 21.4 | | | - | | | - | |
Consolidated | $ | 1,886.0 | | | 4 | % | | 1 | % | | $ | 247.1 | | | -6 | % | | -12 | % | | 13.1 | % | | $ | 73.8 | | | 0 | % | | 4 | % |
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NINE MONTHS ENDED 9/30/05 |
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COMMERCIAL BUSINESS UNIT RESULTS |
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$ in Millions | | Total Revenue US$ | | | Total Revenue in Local Currency | | | | Operating Profit US$ | | | Operating Profit in Local Currency | | | Op. Margin | | | | Global Expenses | | | Units | | | Active Reps | |
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| | | | | % var. vs 9M04 | | | % var. vs 9M04 | | | | | | | % var. vs 9M04 | | | % var. vs 9M04 | | | 2005 percent | | | | | | | % var. vs 9M04 | | | % var. vs 9M04 | |
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North America | $ | 1,786.2 | | | -4 | % | | -5 | % | | $ | 214.8 | | | -11 | % | | -12 | % | | 12.0 | % | | $ | 48.7 | | | -7 | % | | -2 | % |
Latin America | | 1,592.2 | | | 14 | | | 7 | | | | 320.6 | | | 8 | | | 1 | | | 20.1 | | | | 43.2 | | | 6 | | | 9 | |
Central & Eastern Europe | | 835.9 | | | 20 | | | 12 | | | | 232.4 | | | 20 | | | 10 | | | 27.8 | | | | 23.3 | | | 4 | | | 12 | |
West Eur., ME & Africa | | 742.7 | | | 5 | | | 3 | | | | 43.2 | | | 3 | | | -1 | | | 5.8 | | | | 20.3 | | | 4 | | | 5 | |
Asia Pacific (1) | | 640.4 | | | 3 | | | 1 | | | | 89.9 | | | 4 | | | 1 | | | 14.0 | | | | 17.2 | | | 0 | | | 4 | |
China | | 154.0 | | | -1 | | | -2 | | | | 14.7 | | | -37 | | | -38 | | | 9.5 | | | | 4.1 | | | -1 | | | 0 | |
Total from Operations (1) | | 5,751.4 | | | 6 | | | 2 | | | | 915.6 | | | 4 | | | -1 | | | 15.9 | | | | 156.8 | | | 2 | | | 6 | |
Global Expenses | | - | | | - | | | - | | | | (64.0 | ) | | -3 | | | -3 | | | - | | | | 64.0 | | | - | | | - | |
Consolidated (1) | $ | 5,751.4 | | | 6 | % | | 2 | % | | $ | 851.6 | | | 4 | % | | -1 | % | | 14.8 | % | | $ | 220.8 | | | 2 | % | | 6 | % |
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(1) Growth in Active Representatives was positively impacted by an increase in the number of sales campaigns in the Philippines in the second quarter of 2004, resulting in additional opportunities to order. This change positively impacted Active Representative growth in Asia Pacific for the nine months ended September 30, 2005 by 2 points.
AVON PRODUCTS, INC.
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FOURTH QUARTER 2005 - THREE MONTHS ENDED 12/31/05 |
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COMMERCIAL BUSINESS UNIT RESULTS |
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$ in Millions | | Total Revenue US$ | | | Total Revenue in Local Currency | | | | Operating Profit US$ | | | Operating Profit in Local Currency | | | Op. Margin | | | | Global Expenses | | | Units | | | Active Reps | |
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| | | | | % var. vs 4Q04 | | | % var. vs 4Q04 | | | | | | | % var. vs 4Q04 | | | % var. vs 4Q04 | | | 2005 percent | | | | | | | % var. vs 4Q04 | | | % var. vs 4Q04 | |
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North America | $ | 724.3 | | | -6 | % | | -7 | % | | $ | 68.0 | | | -26 | % | | -26 | % | | 9.4 | % | | $ | 22.0 | | | -4 | % | | -4 | % |
Latin America (1) | | 680.3 | | | 27 | | | 16 | | | | 132.6 | | | 8 | | | -1 | | | 19.5 | | | | 19.6 | | | 13 | | | 15 | |
Central & Eastern Europe | | 390.4 | | | 6 | | | 8 | | | | 99.3 | | | -12 | | | -10 | | | 25.5 | | | | 10.7 | | | 9 | | | 7 | |
West Eur., ME & Africa | | 322.4 | | | -2 | | | 4 | | | | 20.5 | | | -66 | | | -63 | | | 6.4 | | | | 9.2 | | | 4 | | | 4 | |
Asia Pacific | | 228.3 | | | -3 | | | 1 | | | | 13.0 | | | -63 | | | -61 | | | 5.7 | | | | 7.8 | | | -2 | | | -4 | |
China | | 52.5 | | | -22 | | | -24 | | | | (7.0 | ) | | -159 | | | -158 | | | -13.2 | | | | 1.8 | | | -8 | | | 0 | |
Total from Operations (1) | | 2,398.2 | | | 4 | | | 3 | | | | 326.4 | | | -25 | | | -26 | | | 13.6 | | | | 71.1 | | | 5 | | | 7 | |
Global Expenses | | - | | | - | | | - | | | | (29.0 | ) | | 25 | | | 25 | | | - | | | | 29.0 | | | - | | | - | |
Consolidated (1) | $ | 2,398.2 | | | 4 | % | | 3 | % | | $ | 297.4 | | | -28 | % | | -29 | % | | 12.4 | % | | $ | 100.1 | | | 5 | % | | 7 | % |
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TWELVE MONTHS ENDED 12/31/05 |
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COMMERCIAL BUSINESS UNIT RESULTS |
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$ in Millions | | Total Revenue US$ | | | Total Revenue in Local Currency | | | | Operating Profit US$ | | | Operating Profit in Local Currency | | | Op. Margin | | | | Global Expenses | | | Units | | | Active Reps | |
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| | | | | % var. vs FY04 | | | % var. vs FY04 | | | | | | | % var. vs FY04 | | | % var. vs FY04 | | | 2005 percent | | | | | | | % var. vs FY04 | | | % var. vs FY04 | |
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North America | $ | 2,510.5 | | | -5 | % | | -5 | % | | $ | 282.8 | | | -15 | % | | -16 | % | | 11.3 | % | | $ | 70.7 | | | -6 | % | | -3 | % |
Latin America (1) | | 2,272.6 | | | 17 | | | 10 | | | | 453.2 | | | 8 | | | 0 | | | 19.9 | | | | 62.8 | | | 8 | | | 11 | |
Central & Eastern Europe | | 1,226.3 | | | 15 | | | 10 | | | | 331.7 | | | 8 | | | 3 | | | 27.1 | | | | 34.0 | | | 6 | | | 11 | |
West Eur., ME & Africa | | 1,065.1 | | | 3 | | | 3 | | | | 63.7 | | | -37 | | | -37 | | | 6.0 | | | | 29.5 | | | 4 | | | 5 | |
Asia Pacific | | 868.6 | | | 2 | | | 1 | | | | 102.9 | | | -16 | | | -17 | | | 11.8 | | | | 25.0 | | | -1 | | | 2 | |
China | | 206.5 | | | -7 | | | -8 | | | | 7.7 | | | -78 | | | -78 | | | 3.8 | | | | 5.9 | | | -3 | | | 0 | |
Total from Operations (1) | | 8,149.6 | | | 5 | | | 3 | | | | 1,242.0 | | | -6 | | | -9 | | | 15.2 | | | | 227.9 | | | 3 | | | 6 | |
Global Expenses | | - | | | - | | | - | | | | (93.0 | ) | | 4 | | | 4 | | | - | | | | 93.0 | | | - | | | - | |
Consolidated (1) | $ | 8,149.6 | | | 5 | % | | 3 | % | | $ | 1,149.0 | | | -7 | % | | -10 | % | | 14.1 | % | | $ | 320.9 | | | 3 | % | | 6 | % |
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(1) During the fourth quarter of 2005 we acquired our licensee in Colombia, which contributed $38.9 in revenue to the three months and year ended December 31, 2005.