Report
Pierre Tegner

L'Oreal : Organic growth should continue to be largely above that of peers in Q3, despite a natural slowdown

>Neutral maintained: the superiority of organic growth remains priced in - Neutral recommendation maintained, with a target price unchanged at € 189. Our conviction on the stock is unchanged. Q3 results to be published on Tuesday should confirm the group’s superiority in terms of organic growth thanks to momentum on the luxury segment but also and above all due to the portfolio (brands, network, segment) which is based on a long-term logic of diversity in order to be...
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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