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OR LOreal

435.65
-0.10 (-0.02%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
LOreal EU:OR Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -0.02% 435.65 432.00 436.70 436.75 430.25 430.25 231,165 16:40:00

L'Oreal 2020 Net Profit Falls; 4Q Shows Signs of Recovery

11/02/2021 5:51pm

Dow Jones News


LOreal (EU:OR)
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From Apr 2019 to Apr 2024

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   By Giulia Petroni 
 

L'Oreal SA said Thursday that net profit fell in 2020 due to a decline of the beauty market during the pandemic, but growth accelerated in the fourth quarter.

The French cosmetics and consumer-products company reported a net profit after minorities of 3.56 billion euros ($4.31 billion) in the period, compared with EUR3.75 billion the previous year.

Sales for the year were EUR27.99 billion, down from EUR29.87 billion. In the fourth quarter, sales were flat at EUR7.88 billion.

L'Oreal said business suffered from the hit of the coronavirus pandemic, but that the group returned to growth in the second half of the year, with a fourth quarter acceleration at 4.8% on a like-for-like basis.

L'Oreal said it will propose a dividend of EUR4 a share at the next annual general meeting on April 20, a 3.9% increase compared to the dividend paid in 2020.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

February 11, 2021 12:36 ET (17:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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