Revlon Reports Second Quarter 2012 Results

In the United States, net sales in the second quarter of 2012 were $203.9 million, an increase of $9.0 million, or 4.6%, compared to $194.9 million in the same period last year. The increase was primarily driven by higher net sales of Revlon color cosmetics.

In Asia Pacific, net sales in the second quarter of 2012 were $55.8 million, a decrease of $2.7 million, or 4.6%, compared to $58.5 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales decreased $1.7 million, or 2.9%, primarily due to lower net sales of Revlon color cosmetics in China and Australia and lower net sales of other beauty care products in Hong Kong. These lower net sales were partially offset by higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color in certain distributor territories.

In Europe, Middle East and Africa, net sales in the second quarter of 2012 were $44.4 million, a decrease of $7.6 million, or 14.6%, compared to $52.0 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales decreased $1.8 million, or 3.5%. Lower net sales of fragrances in the U.K. and certain distributor territories and lower net sales of Revlon color cosmetics in France, Italy and certain distributor territories were partially offset by higher net sales of Revlon color cosmetics in the U.K.

In Latin America, net sales in the second quarter of 2012 were $32.3 million, an increase of $6.0 million, or 22.8%, compared to $26.3 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales increased $7.3 million, or 27.8%. The increase was primarily due to higher net sales of Revlon and Almay color cosmetics and Revlon ColorSilk hair color throughout the region. Venezuela’s increase in net sales in the second quarter of 2012 as compared to the same period last year was primarily due to the absence of sales in June 2011 as a result of the June 5, 2011 fire that destroyed the Company’s facility there. Net sales in the region also benefited from higher selling prices in Venezuela and Argentina, reflecting market conditions and inflation, which accounted for approximately one-third of the $7.3 million net sales increase in the region.

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