|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||342.15 - 348.05|
|52-week range||239.10 - 348.05|
|Beta (5Y monthly)||0.44|
|PE ratio (TTM)||54.89|
|Forward dividend & yield||4.00 (1.17%)|
|Ex-dividend date||27 Apr 2021|
|1y target est||N/A|
Lancome maker L'Oreal on Thursday posted a further pickup in sales in the first quarter, helped by strong growth in China and online demand for beauty products. L'Oreal said sales reached 7.6 billion euros ($9.1 billion)in the three months to March, up 10.2% like-for-like, which strips out the effect of acquisitions and currency changes. Western Europe underperformed other regions, with non-essential shops and beauty chains still closed in countries such as France and Italy to tackle the pandemic.
Maybelline and Lancome maker L'Oreal aims to derive nearly all its ingredients from renewable plant sources and abundant minerals by 2030, it said on Thursday, as demand for organic and environmentally-friendly cosmetics grows. That poses a major challenge in terms of adapting packaging, but also developing products that can be preserved and deliver similar results to non-natural ones. L'Oreal said over the next 10 years, 95% of the ingredients across all its brands and ranges would come from plants and flowers that can renewed or replanted, and minerals that can be found in abundance, up from around 70% now.
L'Oreal, the world's biggest cosmetics group, forecast a strong rebound in makeup sales when the COVID-19 pandemic gives way to a "roaring 20s" when people get dressed up and go out again to socialise. Shares in L'Oreal, owner of brands such as Maybelline, Lancome and Garnier, rose on Friday after the group reported higher than expected fourth-quarter sales growth, broadly outperforming a cosmetics market hit hard by the pandemic. L'Oreal CEO and Chairman Jean-Paul Agon said sales would accelerate sharply as COVID-19 vaccines are distributed and levels of infection subside.