L'Oreal : Impressive Q3 2019. The recent derating may amplify the market’s reaction
>We expect a positive reaction. - The market is likely to react very positively to the Q3 release. Whereas the market was like us very cautious given the comps, the risk of a slowdown in Asia (Hong Kong) and luxury and a reasonable level of uncertainty on North America, Q3 in the end saw faster organic growth. These Q3 numbers will likely prompt the consensus to revisit the 2019 forecast for organic growth of over 7% which had been dropped since end-July (US and Hong ...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.
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.
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