Report
Pierre Tegner

L'Oréal : Stéphane Rinderknech, ancien responsable de la Chine, prend la Direction des USA. La voie royale vers le poste de CEO ?

>Une bonne nouvelle mais aussi le signe que le redressement de l’Amérique du Nord sollicite ce type de changement de management - Avec un PE 20e de 31x et un VE/EBITDA 20e de 19x, L’Oréal est selon nous trop cher alors que l’inflexion des USA prendra du temps. Avec la nomination hier soir de Stephane Rinderknech comme nouveau responsable des USA L’Oréal se donne les moyens d’infléchir la tendance en Amérique du Nord dont la croissance organique est passé en terri...
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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