© Reuters. FILE PHOTO: Logo of the French cosmetics group L’Oreal in the suburb of Levallois-Perret in the west of Paris
PARIS (Reuters) – Shares of French cosmetics group L’Oreal fell on Friday, as some analysts expressed frustration at figures from the company’s consumer products division, despite the results. The overall results of the group are quite good.
Shares of L’Oreal fell 1.5% in early trading, the worst-performing stock on the 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 percent on a similar basis removing the impact of acquisitions and currency movement.
L’Oreal’s consumer products division, which also sells brands including Maybelline, lags behind others, due to increased exposure to makeup, where demand is lower than in other categories such as Skin Care.
Investment bank Jefferies (NYSE 🙂 writes: “Dislike is that the related challenges between Consumers and weak Western Europe are taking place, the only department and region still lying in similar negative territory. But overall it’s an encouraging start. “
(1 dollar = 0.8355 euros)
Fusion Media or anyone associated with Fusion Media will not be liable in any way for loss or damage resulting from dependence on information including data, quotes, charts and buy / sell signals contained in the this site. Please be fully informed about the risks and costs associated with trading the financial markets, which is one of the riskiest investments possible.