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L'Oreal SA (OREP.PA)

OREP.PA on Paris Stock Exchange

306.30EUR
10:06pm IST
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Latest Key Developments (Source: Significant Developments)

L'Oreal To Appoint Nicolas Hieronimus As CEO
Wednesday, 14 Oct 2020 

Oct 14 (Reuters) - L'Oreal SA ::L’ORÉAL ANNOUNCES THE SUCCESSION OF JEAN-PAUL AGON AS CHIEF EXECUTIVE OFFICER FROM 1ST MAY 2021.BOARD OF DIRECTORS ANNOUNCED ITS INTENTION TO DISSOCIATE FUNCTIONS OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER.TO APPOINT NICOLAS HIERONIMUS AS CHIEF EXECUTIVE OFFICER.  Full Article

L'oreal CEO Says Top Line Growth To Be Significantly Better in Second Half
Friday, 31 Jul 2020 

July 31 (Reuters) - :L'OREAL CEO SAYS DOES NOT EXPECT A SLOWDOWN IN E-COMMERCE GROWTH AS STORES REOPEN.L'OREAL CEO SAYS THE COMPANY IS NOT WORRIED ABOUT PROFITABILITY IN THE SECOND HALF, TOP LINE GROWTH WILL BE SIGNIFICANTLY BETTER.L'OREAL CEO SAYS ALL COST REDUCTION MEASURES OF FIRST HALF OF THE YEAR WILL BE MAINTAINED IN SECOND HALF.L'OREAL CEO SAYS WE CAN REINVEST IN GROWTH, MARKETING WITHOUT PRESSURE ON MARGINS THANKS TO LOWER COSTS IN STORES.  Full Article

L'Oreal SA Half Year Sales Fell 11.7% To 13.07 Billion EUR
Thursday, 30 Jul 2020 

July 30 (Reuters) - L'Oreal SA ::REG-L'ORÉAL: NEWS RELEASE: "2020 HALF-YEAR RESULTS".HALF YEAR EPS 3.82 EUR.HALF YEAR SALES FELL 11.7 PERCENT TO 13.07 BILLION EUR.REG-L'ORÉAL: NEWS RELEASE: "2020 HALF-YEAR RESULTS".EPS 3.82 EUROS.OPERATING MARGIN AT 18%.PROFITABILITY AT 18% CLOSE TO ANNUAL LEVEL OF 2019,.H1 SALES: 13.07 BILLION EUROS * -11.7% LIKE-FOR-LIKE AND BASED ON REPORTED FIGURES.SHOWN GREAT RESILIENCE DURING THIS FIRST HALF OF 2020,.GROWTH CONTINUES IN CHINA: +17.5%.IN THIS SECOND HALF OF YEAR, WE ARE EMBARKING ON AN AGGRESSIVE PLAN OF NEW PRODUCT LAUNCHES.GLOBAL HEALTH CRISIS IS UNFORTUNATELY NOT OVER.WE ARE THEREFORE DETERMINED TO OUTPERFORM MARKET, FIND AGAIN PATH TO GROWTH IF SANITARY CONDITIONS ALLOW IT, AND DELIVER SOLID PROFITABILITY.THEREFORE DETERMINED TO OUTPERFORM MARKET.AIMING TO DELIVER SOLID PROFITABILITY..NET CASH AMOUNTED TO 2,161 MILLION EUROS..CHINESE BEAUTY MARKET REBOUNDED INTO POSITIVE TERRITORY IN Q2..NET PROFIT EXCLUDING NON-RECURRING ITEMS AFTER NON-CONTROLLING INTERESTS CAME OUT AT 2,144 MILLION EUROS.DURING IMPORTANT ONLINE SHOPPING FESTIVAL ON 18 JUNE, L'ORÉAL GAINED SIGNIFICANT MARKET SHARE IN CHINA.  Full Article

L'Oreal Expects To Achieve Carbon Neutrality for All Its Sites By 2025
Thursday, 25 Jun 2020 

June 25 (Reuters) - L'OREAL SA ::BY 2030, L'ORÉAL WILL REDUCE BY 50% PER FINISHED PRODUCT, COMPARED TO 2016, ITS ENTIRE GREENHOUSE GAS EMISSIONS.L'ORÉAL IS ALLOCATING EUR 150 MILLION TO ADDRESS URGENT SOCIAL AND ENVIRONMENTAL ISSUES.BY 2025, ALL OF L'ORÉAL'S SITES WILL HAVE ACHIEVED CARBON NEUTRALITY BY IMPROVING ENERGY EFFICIENCY AND USING 100% RENEWABLE ENERGY.  Full Article

L'Oreal Renounces Increase Of Dividend
Tuesday, 12 May 2020 

May 12 (Reuters) - L'Oreal SA ::NEWS RELEASE: "DECISIONS OF THE L’ORÉAL BOARD OF DIRECTORS OF 12 MAY 2020".L'ORÉAL RENOUNCES AN INCREASE OF DIVIDEND.CHAIRMAN & CEO'S REMUNERATION WILL BE REDUCED BY 30% FOR WHOLE OF 2020.BOARD HAS ALSO DECIDED TO RENOUNCE TO ANY SHARE BUYBACK OPERATIONS FOR WHOLE OF 2020, WHICH AMOUNTED TO 750 MILLION EUROS IN 2019.  Full Article

L'Oreal Launches EUR 150 Mln "L'Oréal For The Future" Programme
Tuesday, 12 May 2020 

May 12 (Reuters) - L'Oreal SA : :ANNOUNCES CREATION OF L'ORÉAL FOR THE FUTURE PROGRAMME : EUR 150 MILLION DEDICATED TO SUPPORT VULNERABLE WOMEN AND ENVIRONMENTAL EMERGENCIES.IN EXCEPTIONAL CONTEXT OF COVID-19 PANDEMIC, L'ORÉAL ANNOUNCES CREATION OF PROGRAMME OF SOCIAL AND ENVIRONMENTAL SOLIDARITY.L'ORÉAL HAS DECIDED TO MOBILISE EUR 100 MILLION DEDICATED TO IMPACT INVESTING, TO ACT ON TWO KEY ENVIRONMENTAL CHALLENGES.EUR 50 MILLION TO SUPPORT WOMEN IN HIGHLY VULNERABLE SITUATIONS.TO ACT ON REGENERATION OF DAMAGED NATURAL ECOSYSTEMS: EUR 50 MILLION WILL FUND PROJECTS TO RESTORE MARINE AND FOREST ECOSYSTEMS.TO ACT ON THE FIGHT AGAINST CLIMATE CHANGE: EUR 50 MILLION WILL BE USED TO FINANCE PROJECTS RELATED TO THE CIRCULAR ECONOMY.  Full Article

L'oreal CEO Says Board Will Take Decision On Dividend in May
Thursday, 16 Apr 2020 

April 16 (Reuters) - :L'OREAL CEO SAYS ITS BOARD WILL MEET IN MAY TO DECIDE ON WHAT DO TO WITH DIVIDEND PAYMENTS.L'OREAL CEO SAYS GLOBAL BEAUTY MARKET CONTRACTED BY 8% IN Q1 ACCORDING TO ITS ESTIMATES, TREND WILL LIKELY WORSEN IN Q2.L'OREAL CEO SAYS MAKE-UP MARKET STILL ADVERSE, BUT SALES OF HAIR COLOUR PRODUCTS BOOMING.L'OREAL CEO SAYS E-COMMERCE SALES IN CHINA GREW 67% IN Q1.  Full Article

L'Oreal CEO Says China Sales Will Grow in Q2
Thursday, 16 Apr 2020 

April 16 (Reuters) - :L'OREAL CEO SAYS CHINA SALES TURNED POSITIVE AGAIN IN MARCH, COULD GROW 5%-10% THERE IN APRIL.L'OREAL CEO SAYS SALES COULD GROW AT OVER 10% IN MAINLAND CHINA IN Q2.L'OREAL CEO SAYS COMPANY WILL POSTPONE SOME COSMETIC PRODUCT LAUNCHES THAT HAD BEEN DUE IN Q2 TO LATER IN THE YEAR.L'OREAL CEO SAYS "AGGRESSIVELY" ADDRESSING COSTS, CAN PULL BACK SPENDING IN AREA LIKE TV ADVERTISING.  Full Article

L'Oreal Q1 Sales Fall 4.8% To 7.22 Billion Euros
Thursday, 16 Apr 2020 

April 16 (Reuters) - L'OREAL SA ::Q1 SALES FELL 4.8 PCT TO 7.22 BLN EUR.ALL L'ORÉAL TEAMS STRONGLY MOBILISED.Q1 GROWTH IN E-COMMERCE: +52.6%.E-COMMERCE, A KEY GROWTH DRIVER FOR GROUP, IS GROWING AT +52.6%, AND NOW REPRESENTS CLOSE TO 20% OF SALES.ENTERED THIS PERIOD WITH A ROBUST BALANCE SHEET, A HIGH LEVEL OF SHAREHOLDERS' EQUITY, A POSITIVE NET CASH SITUATION, AND WITH VERY SUBSTANTIAL CREDIT LINES AVAILABLE.ON CORONAVIRUS: ALL GEOGRAPHIC ZONES HAVE PROGRESSIVELY BEEN IMPACTED BY CLOSURE OF SALES OUTLETS AND INTRODUCTION OF LOCKDOWN MEASURES.WE ARE THEREFORE CONFIDENT IN OUR ABILITY TO TRAVERSE THIS PERIOD OF CRISIS IN BEST POSSIBLE CONDITIONS AND TO REACCELERATE AS SOON AS CONDITIONS PERMIT IN EACH GEOGRAPHIC ZONE - CEO.ON CORONAVIRUS: CHINA IS ALREADY SEEING AN ENCOURAGING RECOVERY IN BEAUTY PRODUCT CONSUMPTION.SOME 2,400 TONNES OF GEL, REPRESENTING MORE THAN 14 MLN UNITS, WILL BE PRODUCED BY END OF MAY 2020.MAINTAINS JOBS AND SALARIES FOR ALL L'OREAL EMPLOYEES WORLDWIDE.IN FRANCE, L'OREAL WILL NOT FURLOUGH EMPLOYEES BETWEEN NOW AND END OF JUNE, EVEN THOUGH IN MANY FIELDS OF ACTIVITY SEVERAL CATEGORIES OF EMPLOYEES ARE AT A PARTIAL OR TOTAL STANDSTILL.IN FRANCE, GROUP HAS GIVEN AN UNDERTAKING THAT IT WILL NOT POSTPONE PAYMENT OF ANY SOCIAL OR TAX CHARGES (CONTRIBUTIONS, TAXES, ETC.) DURING THIS PERIOD.  Full Article

L’Oreal Completes Acquisition Of Mugler Brands And Azzaro Fragrances
Tuesday, 31 Mar 2020 

March 31 (Reuters) - L'Oreal SA ::L'OREAL FINALIZES THE ACQUISITION OF THE MUGLER BRANDS AND AZZARO FRAGRANCES.  Full Article

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