L'Oreal : Organic growth of 7.5% in Q3 2018! The most noteworthy element is the acceleration of the group’s big brands
>Positive reaction expected. But to what extent? - The 7.5% organic growth is exceptional and reinforces the credibility of the acceleration in growth observed since Q3 2017, and if we add the fact that L'Oréal does not see any signs of a slowdown in Asia or China, there is no reason why market enthusiasm should not be translated into a positive reaction. While the 2019e PER is already at 25x for a 2019e EV/EBITA of 18x, the reason would impose that this increase i...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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