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MarketScreener Homepage  >  Equities  >  Nyse  >  Colgate-Palmolive Company    CL

COLGATE-PALMOLIVE COMPANY

(CL)
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Colgate Palmolive : to Acquire Laboratoires Filorga Cosmetiques Skin Care Business

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07/11/2019 | 05:04pm EDT

By Stephen Nakrosis

Colgate-Palmolive Co. (CL) said Thursday it reached an agreement to acquire France's Laboratoires Filorga Cosmétiques skin care business for EUR1.5 billion ($1.69 billion).

Filorga is an anti-aging skin care brand focused primarily on facial care and sold in over 60 countries. Its largest markets are France, Italy, Spain and Greater China, Colgate said.

The company said the transaction was financed with a combination of debt and cash and wasn't expected to have any impact on earnings per share in 2019.

"Filorga is a strong, premium-priced brand with distinctive positioning that fits well within our long-term personal care growth strategy," said Noel Wallace, Colgate's president and chief executive.

"This acquisition also provides Colgate entry into the fast-growing and sizeable travel retail channel, particularly in Asia," added Mr. Wallace.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

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Financials (USD)
Sales 2019 15 623 M
EBIT 2019 3 746 M
Net income 2019 2 397 M
Debt 2019 5 913 M
Yield 2019 2,37%
P/E ratio 2019 26,0x
P/E ratio 2020 23,6x
EV / Sales2019 4,37x
EV / Sales2020 4,25x
Capitalization 62 414 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 73,45  $
Last Close Price 72,70  $
Spread / Highest target 12,8%
Spread / Average Target 1,04%
Spread / Lowest Target -17,5%
EPS Revisions
Managers
NameTitle
Ian M. Cook Chairman & Chief Executive Officer
Noel R. Wallace President & Chief Operating Officer
Henning I. Jakobsen Chief Financial Officer
Michael Crowe Chief Information Officer
Thomas W. Greene Chief Information & Business Services Officer
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