L'Oreal : Q3 growth expected at +6.0% l-f-l. North America will be a focal point
>Recent de-rating might cushion the impact of disappointment (and vice versa) - Neutral rating maintained. Q3 should once more show L’Oréal's capacity to deliver higher organic growth despite the persistent imbalance in the business with Asia and luxury/active on the one hand vs the rest of the world and consumer/professional on the other.But the balance between the risk profile and growth profile is good, which, given the backdrop of risk aversion, explains the ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.