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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  L'Oréal    OR   FR0000120321

L'ORÉAL

(OR)
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Strong Asian demand powers sales growth at Lancome owner L'Oreal

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10/29/2019 | 01:01pm EST
A cosmetic display of French cosmetics group L'Oreal is seen at a duty free shop at the Nice International Airport

PARIS (Reuters) - Robust demand across Asia helped cosmetics maker L'Oreal beat sales forecasts in the third quarter, despite turmoil in Hong Kong, as appetite for its higher-end skincare and make-up brands such as Lancome proved resilient.

Luxury goods companies and retailers have felt the pinch following months of street protests in Hong Kong which put off visitors and forced shops to temporarily shut their doors.

Nivea maker Beiersdorf, a L'Oreal rival, earlier on Tuesday reported a dip in sales growth for its premium La Prairie skin lines because of the protests in Hong Kong, a shopping hub for tourists from the Chinese mainland.

But some brands are managing to make up for lost business elsewhere in the region, and France's L'Oreal recorded only a slight slowdown in momentum across the broader Asia-Pacific region, its biggest market, from a quarter earlier.

It said China, India and Japan had been particularly strong.

The group's third-quarter sales were up 11% to 7.18 billion euros ($7.98 billion).

On a like-for-like basis, which strips out currency swings and acquisitions, revenues rose 7.8%, surpassing the 6.3% increase expected by analysts and accelerating from the 6.8% growth notched up a quarter earlier.

Its luxury cosmetics division also did better than expected, helping offset persistent weakness in its mass-market unit, home to brands such as Garnier.

($1 = 0.9003 euros)

(Reporting by Camille Raynaud in Gdansk and Sarah White in Paris; Editing by Maya Nikolaeva and Timothy Heritage)

Stocks treated in this article : L'Oréal, Beiersdorf Aktiengesellschaft
Stocks mentioned in the article
ChangeLast1st jan.
BEIERSDORF AKTIENGESELLSCHAFT 0.76% 106.7 Delayed Quote.-0.70%
HUB CO., LTD. 0.64% 1097 End-of-day quote.4.98%
L'ORÉAL -0.62% 273.7 Real-time Quote.4.28%
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Financials (EUR)
Sales 2019 29 601 M
EBIT 2019 5 481 M
Net income 2019 4 253 M
Finance 2019 4 026 M
Yield 2019 1,53%
P/E ratio 2019 37,0x
P/E ratio 2020 32,8x
EV / Sales2019 5,05x
EV / Sales2020 4,72x
Capitalization 154 B
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Technical analysis trends L'ORÉAL
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 28
Average target price 254,93  €
Last Close Price 275,30  €
Spread / Highest target 9,81%
Spread / Average Target -7,40%
Spread / Lowest Target -29,9%
EPS Revisions
Managers
NameTitle
Jean-Paul Agon Chairman & Chief Executive Officer
Alexis Perakis-Valat President-Consumer Products Division
Barbara Lavernos Chief Operating & Technology Officer & EVP
Christophe Babule Chief Financial Officer & Executive Vice President
Laurent Attal Vice President & GM-Research & Innovation
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