Stocks

L’Oreal shares fall, performance at consumer products arm underwhelm some analysts By Reuters

2/2
© Reuters. FILE PHOTO: The logo of French cosmetics group L’Oreal in the western Paris suburb of Levallois-Perret

2/2

PARIS (Reuters) – Shares in French cosmetics group L’Oreal fell on Friday, as some analysts expressed disappointment at figures from the company’s consumer products division,, despite overall strong group results.

L’Oreal shares were down by 1.5% in early session trading, the worst performing stock on Paris’ SBF-120 index.

L’Oreal said sales reached 7.6 billion euros ($9.10 billion)in the three months to March, up 10.2% on a like-for-like basis stripping out the effects of acquisitions and currency moves.

L’Oreal’s consumer products division, which also sells brands including Maybelline, lagged other units, due to its high exposure to make-up, where demand is sluggish compared with other categories like skincare.

“Not to like are the inter-related challenges of ongoing weak Consumer & Western Europe, the only division and zone that remain in negative like-for-like territory. But an encouraging start overall,” wrote investment bank Jefferies (NYSE:).

($1 = 0.8355 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button