L'Oreal SA (OREP.PA)
|Market Cap (Mil.):||€73,477.72|
|Shares Outstanding (Mil.):||601.29|
LONDON - As European policymakers consider action to stop a strong euro holding back jobs growth, companies across the continent say the currency's strength is already eating into their profits.
* Some executives say can live with current exchange rates
* Euro STOXX 50 pierces below support, sends bearish signal
L'Oreal is reaping the benefits of better consumer spending in Southern Europe as sales in peripheral countries rise for the first time in six years.
LONDON, April 15 - European equity indexes opened broadly flat on Tuesday as the threat of costly sanctions against Russia and mixed sales updates from bellwether consumer groups such as L'Oreal and SABMiller capped appetite for shares.
LONDON, April 15 - European stocks were seen opening steady on Tuesday as the threat of costly sanctions against Russia and disappointing sales updates from bellwether companies such as cosmetics group L'Oreal and food company Nestle capped appetite for shares.
LONDON, April 15 - European stocks were seen opening flat on Tuesday as disappointing sales updates from bellwether companies such as cosmetics group L'Oreal and drugs firm Roche put a lid on investor sentiment, which had been boosted by strong U.S. data the previous day.
* Q1 like-for-like sales up 3.5 pct; forecast more than 4 pct
PARIS, April 14 - L'Oreal Chief Executive Jean-Paul Agon said on Monday he expected growth in the global cosmetics market in 2014 to be similar to that of the previous year, or 3.5-4 percent.
PARIS, April 14 - L'Oreal posted a 2.2 percent drop in first-quarter sales on Monday, held back by slowing demand for its mass market products, which include Garnier shampoo and Maybelline make-up, particularly in North America.