Estee Lauder 2003 Annual Report Download - page 26

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25
QUALITY PRODUCTS THAT DELIVER VISIBLE RESULTS
Skin care sales continued to grow at The Estée Lauder Companies. Net sales increased 11% on
a reported basis and rose 7% before foreign currency translation. Holding true to our heritage
of developing highly innovative, quality products that deliver visible results helps drive our
success in this area.
As the art of cosmetic science becomes more advanced, research and development plays a
larger role in creating products that deliver more clinically proven benefits to the skin. More
than 400 Estée Lauder Companies scientists work in seven labs around the world to stay
on the cutting edge of skin science. From this research, we introduced several dazzling
SKIN CARE