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Revlon Releases Q3 2010 Financial Report

Posted: October 29, 2010

page 2 of 2

In Europe, Middle East and Africa, net sales in the third quarter of 2010 were $50.6 million, an increase of $6.0 million or 13.5%, compared to $44.6 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales increased $6.6 million, or 14.8%. The increase was primarily due to higher net sales of color cosmetics and fragrances in the U.K. and South Africa.

In Latin America, net sales in the third quarter of 2010 were $29.3 million, essentially unchanged year-over-year. Excluding the unfavorable impact of foreign currency fluctuations (including the unfavorable impact of the January 2010 devaluation of Venezuela's local currency relative to the U.S. dollar), net sales in Latin America increased $9.2 million, or 31.7%. The increase was primarily due to higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color in both Venezuela and certain distributor markets. Higher selling prices in Venezuela, reflecting market conditions and inflation, accounted for approximately half of the $9.2 million net sales increase in the region.

In Canada, net sales in the third quarter of 2010 were $17.9 million, an increase of $0.7 million or 4.1%, compared to $17.2 million in the same period last year. Excluding the favorable impact of foreign currency fluctuations, net sales were essentially unchanged year-over-year.

The company's full third quarter 2010 financial report is available here.