|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||389.60 - 395.95|
|52 Week Range||269.30 - 395.95|
|Beta (5Y Monthly)||0.47|
|PE Ratio (TTM)||61.56|
|Forward Dividend & Yield||4.00 (1.03%)|
|Ex-Dividend Date||Apr. 27, 2021|
|1y Target Est||N/A|
L'Oreal's make-up sales are set to bounce back to pre-COVID-19 pandemic levels, the French group's new chief executive said on Friday, with women opting for brighter colours in their post-crisis makeovers. Nicolas Hieronimus, a L'Oreal veteran has become CEO just as vaccinations alter the landscape again, prompting not only a return of products like mascaras but other changes the firm may have to adapt to as people try to break with the crisis.
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.