L'Oreal : Very good Q1 and reassuring tone on the current factors of uncertainty
>The reassuring tone should be well received after a very good Q1 - The organic growth of 13.5% in Q1 illustrates a very good start to the year and faced with the rapid change in the growth context (Ukraine, China), it is understandable that investors are cautious on how it can be extrapolated over the rest of the year. Yet, the quality of the responses provided by the management on the main questions of the moment (inflation, pricing power, resilience of the mix and ...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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