Report
Pierre Tegner

L'Oréal : T1 comme attendu à -4.8% en lfl mais tout de même surprenant

>Tonalité confiante sur l’après COVID-19 - Neutre maintenu. Le titre a relativement bien résisté depuis le pic de marché de mi-février et le PE 21e de 30x reflète la qualité défensive d’un groupe dont le degré élevé de diversification lui permet non seulement d’amortir les chocs mais aussi de capturer toute inflexion de tendance. A ce titre, le top management ne modifie pas sa ligne en ayant confirmé hier, lors de la conf call, que cette crise – qui est une crise d’of...
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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