L'Oreal : Q1 preview: organic growth forecast at 5.9%
>Neutral recommendation maintained - The 10% gains in the share price since the results publication has taken the 2019e P/E above 31x. This is 9x P/E points more than the European Food Beverage HPC average. The same causes producing the same effects, we are sticking with our Neutral recommendation.Q1 2019 sales forecast at +8% vs consensus at +9.4% - L'Oréal is due to report its Q1 2019 sales on 16 April after the stock market with a conference ...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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