L'Oreal says it is working with start-ups and research institutions to bioprint skin that can actually "feel." PARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to "feel" like we do. At the Viva Technology conference in Paris last week, L'Oreal showed off demonstrations of "bioprinting," technology that can 3D print humanlike skin, in action. The firm has been using this tech for several years to test new makeups o ...

L’Oreal S.A. (OTCPK:LRLCF) Q4 2023 Earnings Conference Call February 9, 2024 3:00 AM ET Company Participants Nicolas Hieronimus - Chief Executive Officer Christophe Babule - Chief Financial Officer Alexis Perakis-Valat - President, Consumer Division Omar Hajeri - President, Professional Products Division Cyril Chapuy - President, L’Oreal Luxe Myriam Cohen-Welgryn - President, Dermatological Beauty Division Conference Call Participants Celine Pannuti - JPMorgan Bruno Monteyne - Bernstein Jean-Olivier Nicolai ...

ToplineThe net worth of the world’s wealthiest woman Francoise Bettencourt Meyers fell precipitously Friday as shares of L’Oreal, the French beauty company about one-third owned by the billionaire and her family, registered their worst single-day performance since the Great Recession.Francoise Bettencourt-Meyers, center, speaks to the press with her two sons in 2015.AFP via Getty Images Key FactsBettencourt Meyers and her family’s fortune fell $6.9 billion to $91.7 billion Friday, making the 70-year-old mat ...

L’Oreal shares fell as much as 8% on Friday as the cosmetics giant said it’s continuing to see pressure from mainland China and what it called the reset in travel spending. The maker of its namesake brand OR, -6.63% as well as Garnier and Lancome products said fourth-quarter comparable sales grew 6.9%, after 11% sales growth for the year. Analysts polled by Visible Alpha had expected 11.6% comparable sales growth for the year. Its annual profit rose 8% to €6.18 billion ($6.66 billion), as sales rose to € ...

LONDON — L'Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia.Shares in the stock had recovered slightly to trade down 7% by 8:20 a.m. London time.The world's largest beauty brand on Thursday reported fourth-quarter sales below estimates, rising 2.8% to 10.6 billion euros. Barclays analysts had anticipated a figure near 10.9 billion euros, according to Reuters.The company also lo ...

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Francoise Bettencourt Meyers, the granddaughter of the founder of French beauty brand L’Oreal, cracked the $100 billion barrier — becoming the first woman to boast 12-figure fortune.Bettencourt Meyers, 70, jumped to the No. 12 spot on the Bloomberg Billionaire’s Index, after gaining a staggering $836 million as of Wednesday’s closing bell to peak at $100.2 billion. Her net worth fell slightly to $99.9 billion by the close of the day Thursday.Her wealth puts her among the world’s highest earners like Warren ...

L'Oréal S.A. (OTCPK:LRLCF) Q3 2023 Results Conference Call October 19, 2023 11:30 AM ET Company Participants Françoise Lauvin - Investor relations Nicolas Hieronimus - Chief Executive Officer Christophe Babule - Chief Financial Officer Laurent Schmitt - Global Head of Corporate Finance and Financial Communication Eva Quiroga - Director of Investor Relations Conference Call Participants Celine Pannuti - JPMorgan Iain Simpson - Barclays Bruno Monteyne - Bernstein Olivier Nicolai - Goldman Sachs Ashley Wallace ...

L'Oréal S.A. (OTCPK:LRLCF) Q2 2023 Earnings Call Transcript July 28, 2023 3:00 AM ET Company Participants Francoise Lauvin - Investor relations Nicolas Hieronimus - CEO Christophe Babule - CFO Laurent Schmitt - Global Head of Corporate Finance and Financial Communication Conference Call Participants Bruno Monteyne - Bernstein Celine Pannuti - JPMorgan Olivier Nicolai - Goldman Sachs Ian Simpson - Barclays Guillaume Delmas - UBS Fulvio Cazzol - Berenberg Sarah Simon - Morgan Stanley Robert Ottenstein - Everc ...

Financial Data and Key Metrics Changes - L'Oréal reported a consolidated sales increase of 18.5% to over €38 billion, with a double-digit like-for-like growth of 10.9% and an operating profit margin of 19.5%, up 40 basis points [4][5][17] - Earnings per share (EPS) surged by 27.6% to €11.26, marking the best growth in almost 30 years on a reported basis [4][24] - The gross profit increased by 16.1% to €27.6 billion, with a gross margin of 72.4%, slightly down from the previous year [15][17] Performance by Business Division - The Professional Products Division grew by 10.1%, while L'Oréal Luxe achieved a growth of 10.2%. Active Cosmetics posted a remarkable growth of 21.9%, and the Consumer Products Division saw its best growth in 20 years at 8.3% [8][32][47] - The Consumer Products Division reached €14 billion in sales, with a balanced growth from both value and volume [33][34] - Active Cosmetics nearly doubled in size since 2019, reaching €5.1 billion with a profit margin of 25.4% [78] Market Performance Data - Europe and North Asia accounted for around 30% of sales, with North America exceeding 26% [9] - North America showed strong momentum with a 10.4% like-for-like growth, while North Asia grew by 6.6% despite challenges in China [11][12] - Emerging markets grew by 20.5%, contributing significantly to overall growth, particularly in India and Latin America [12][13] Company Strategy and Industry Competition - L'Oréal aims to achieve carbon neutrality for all its sites by 2025, with 110 sites already achieving this status [30] - The company is focusing on premiumization and innovation across its brands, particularly in skincare and hair care, to capture market share [38][59] - L'Oréal Luxe is positioned to outperform the luxury market, with a diversified brand portfolio and strong growth in emerging markets [70][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth despite macroeconomic challenges, citing early signs of reduced inflation and a recovering Chinese market [118] - The company highlighted the resilience of the beauty market, noting that consumer demand for beauty products remains strong even during economic downturns [118] - Management emphasized the importance of innovation and digital engagement in driving future growth [115][117] Other Important Information - The balance sheet remains robust with shareholders' equity of €27.2 billion and a net debt of €3 billion [28][29] - The Board of Directors proposed a 25% increase in dividends to €6 per share, reflecting a payout ratio of 53.3% [29] - L'Oréal's commitment to social and environmental performance was recognized, with various awards and initiatives aimed at sustainability and community support [31][105] Q&A Session Summary Question: What are the growth drivers for the Consumer Products Division? - The division is focusing on the upper half of the middle class, which represents a significant market opportunity, and is leveraging digital tools to enhance consumer engagement [38][45] Question: How is L'Oréal addressing supply chain challenges? - The company has maintained product availability close to 100% and is adapting its operations to mitigate supply chain disruptions [93] Question: What is the outlook for the Professional Products Division? - The division is confident in maintaining growth momentum through innovation and expanding its presence in emerging markets [59][60]