Report
Pierre Tegner

L'Oréal : CMD sur le digital : un atout puissant de LT et pendant la crise

>Un CMD qui renforce le sentiment de résilience et d’agilité du - Neutre maintenu. Le PE 21 proche de 37x limite fortement le potentiel d’appréciation du titre suite à une année 2020 qui reste pénalisée par les effets du confinement sur le réseau de distribution physique (crise d’offre). Le CMD d’hier dédié au digital devrait soutenir le sentiment de résilience du groupe, sa capacité à anticiper les grands mouvements de LT dans le Beauty et à les faire monter en puis...
Underlying
L'Oreal SA

L'Oreal acts as a holding company. Through its subsidiaries, Co. plays a strategic coordination role and scientific, industrial and marketing coordination role on a global basis. Co. develops, manufactures and commercializes products for Skin care, Hair care, Make-up, Perfumes, Toiletries and deodorants, and Oral cosmetics. Co. has three branches: Cosmetics, Body shop and Dermatology. Co.'s principal activities comprise four divisions: Professional Products, Consumer Products, L'Oreal Luxe and Active Cosmetics. The Body Shop branch offers various cosmetics and toiletry products. The Dermatology branch offers topical dermatology prescription, and corrective and aesthetic dermatology.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre Tegner

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