L'Oreal reports FY13 operating profit EUR3.87B vs. EUR3.7B a year ago Reports FY13 sales EUR22.98B, up 5% on a like-for-like basis and up 2.3% based on reported figures. The company said, "The Group achieved sustained sales growth and, in a market whose expansion was more moderate in 2013, accelerated its outperformance versus the market. L’Oréal is strengthening its worldwide positions across all divisions and all geographic zones. The Consumer Products Division, L’Oréal Luxe and the Active Cosmetics Division are maintaining a good momentum, thanks to the performances of their major brands. The Professional Products Division is gradually improving."
News For LRLCY From The Last 14 Days
Check below for free stories on LRLCY the last two weeks.
L'Oreal downgraded to Outperform from Strong Buy at Raymond James Raymond James downgraded L'Oreal to Outperform and removed the stock from its European Conviction List citing the CEO's cautious message on cosmetics market momentum in the second half of 2014.