Report
Pierre Tegner

L'Oréal : T3 2019 impressionant. Le récent derating peut amplifier l’accueil du marché

>Réaction positive attendue - Le titre devrait réagir très positivement à la publication du T3. Alors que le marché était tout comme nous très prudent en raison des bases de comparaison, d’un risque de ralentissement de l’Asie (Hong Kong) et du Luxe et d’une certaine incertitude sur l’Amérique du Nord, le T3 marque une accélération en organique. Ce T3 devrait donc inciter le consensus à revenir à la prévision 2019 de plus de 7% de croissance organique qui avait été ab...
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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