L'Oreal : Tax adjustment: € 320m following a settlement with the French authorities
>A settlement could justify a slightly negative trend - The announcement of a settlement with the French tax authorities concerns the past and the amount of € 320m, which follows the end of “the constructive discussions with the authoritiesâ€, will be classified under exceptional items for 2019. These two factors may argue in favour of a neutral impact on the stock. But it is possible there could be a negative market reaction of -1.5% to -2%; this corresponds to t...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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