Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1718
    +0.0024 (+0.21%)
     
  • GBP/USD

    1.2623
    +0.0000 (+0.00%)
     
  • Bitcoin GBP

    55,292.74
    -507.46 (-0.91%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

L'Oreal shares fall, performance at consumer products arm underwhelm some analysts

FILE PHOTO: A cosmetic display of French cosmetics group L'Oreal is seen at a duty free shop at the Nice International Airport, in Nice

PARIS (Reuters) - Shares in French cosmetics group L'Oreal fell on Friday, as some analysts expressed disappointment at figures from the company's consumer products division,, despite overall strong group results.

L'Oreal shares were down by 1.5% in early session trading, the worst performing stock on 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% on a like-for-like basis stripping out the effects of acquisitions and currency moves.

L'Oreal's consumer products division, which also sells brands including Maybelline, lagged other units, due to its high exposure to make-up, where demand is sluggish compared with other categories like skincare.

ADVERTISEMENT

"Not to like are the inter-related challenges of ongoing weak Consumer & Western Europe, the only division and zone that remain in negative like-for-like territory. But an encouraging start overall," wrote investment bank Jefferies.

($1 = 0.8355 euros)

(Reporting by Sarah White; Editing by Sudip Kar-Gupta)