Report
Pierre Tegner

L'Oréal : Redressement fiscal : 320 M€ suite à un accord avec l’administration française

>Un accord qui pourrait justifier une réaction légèrement négative - L’annonce d’un accord avec l’administration fiscale française concerne le passé et le montant de 320 M€ - qui est la contrepartie de la fin des « discussions constructives avec l’administration»– sera classé en exceptionnel sur l’exercice 2019. Ces 2 éléments peuvent plaider en faveur d’un impact neutre sur le titre. Il est néanmoins probable que la réaction du marché soit négative de -1.5% à -2...
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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