L'Oréal shares fall on the stock market after results considered disappointing. French cosmetics giant says it is particularly “disappointed” with the consumption of products in Asia.
Analysts are more cautious: “We are not sure that other regions can sustainably compensate for the challenges in Asia, given the weakness of the underlying market and the strong penetration of L'Oral in China,” say RBC Capital Markets analysts. Around 9:50 a.m., L’Oréals shares lost 6.40% to 424.25 euros.