Report
Pierre Tegner

L'Oréal : Très belle fin d’année avec un T4 à +4.8% en lfl avec une belle surprise sur la stabilité de la MOP sur 2020

>Des résultats qui démontrent la puissance du modèle - Neutre maintenu. Le PE 21e de 40x, après actualisation de nos prévisions, valorise très fortement l’efficacité d’un modèle de pure player diversifié opérationnellement et qui a su pendant cette crise accélérer ses gains de part de marché. Les résultats 2020 qui ressortent largement au-dessus des attentes devraient être favorablement accueillis tant sur la croissance organique que sur la très belle tenue de la marg...
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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