Saturday February 22, 2020

L'Oreal says it's still worth it after suffering ugly share price blip

Despite the market's initial negative reaction to L'Oreal's latest results last week, the world's largest cosmetics company is still worth it, insists its chief executive.

1st September, 2012

Despite the market's initial negative reaction to L'Oreal's latest results last week, the company's chief executive, Jean-Paul Agon, insists the world's largest cosmetics company is still worth it.

Narrowly missing its expected operating margin, the makers of Garnier hair products and Maybelline make-up saw its share price fall by more than five per cent from €101 to €96.58 in a single day - the worst drop in almost two years.

Up until Tuesday's results, L'Oreal...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago