Despite the strong rebound in China, all divisions have been heavily impacted by the pandemic in the last three months, especially those with the greatest exposures to makeup products which have been most impacted. Unlike the top-line trend, the group has maintained its good profitability, especially in the Active cosmetics division. The group is now expecting slightly positive growth in H2 20, which was not encouraging enough since the market anticipates a sales contraction of 4% for FY 20.<
31 Jul 2020
Outlook not encouraging enough for FY20
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Outlook not encouraging enough for FY20
L'Oreal S.A. (OR:WBO) | 0 0 1.2% | Mkt Cap: 98,959m
- Published:
31 Jul 2020 -
Author:
Jie Zhang -
Pages:
3
Despite the strong rebound in China, all divisions have been heavily impacted by the pandemic in the last three months, especially those with the greatest exposures to makeup products which have been most impacted. Unlike the top-line trend, the group has maintained its good profitability, especially in the Active cosmetics division. The group is now expecting slightly positive growth in H2 20, which was not encouraging enough since the market anticipates a sales contraction of 4% for FY 20.<