Report
Pierre Tegner

L'Oréal : Un T3 de nouveau très dynamique malgré le Luxe et la Chine

>Un autre trimestre qui démontre la flexibilité structurelle du modèle de pure player stratégiquement concentré et opérationnellement diversifié - Neutre maintenu avec un OC de 387 €. La très belle performance opérationnelle du T3 est en ligne avec les attentes. Il est néanmoins probable que la réaction du titre soit légèrement négative en raison du Luxe, de la Chine et des multiples de valorisation élevés, même s’ils peuvent se justifier par un effet rareté qui s’amp...
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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