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(ENXTPA: OR) 1H17 Results: Robust Growth Despite a Second-Quarter Slowdown

Executive Summary

  • Cosmetics giant L’Oréal grew 1H17 sales by 7.3% year over year, once we exclude figures for the now-divested The Body Shop from the 2016 total. However, revenues missed expectations.
  • Comparable sales growth was solid in North America and Western Europe and strong in the Asia-Pacific region due to a bounce back for L’Oréal Luxe in China.
  • Diluted EPS beat expectations.

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