Report
Pierre Tegner

L'Oréal : Résultats S1 : un autre trimestre au-dessus du lot. Mais pas certain que la baisse en Amérique du Nord soit bien accueillie

>L’Amérique du Nord gâche un beau semestre - La croissance organique du T2 est encore une fois très forte (+6.8%). Le déséquilibre (Asie & Luxe/Active) est sans surprise. Ce n’est pas un sujet tant que L’Oréal capture la croissance là où elle est, grâce à un degré de diversification unique dans le Beauty et à une organisation décentralisée autour de 36 marques qui lui donne l’agilité que d’autres n’ont pas. Mais l’Asie boucle son 8ème trimestre de sprint. Ce n’es...
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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