Key Developments: L'Oreal SA (LRLCY.PK)
33.73USD
19 Jun 2013
$-0.67 (-1.95%)
$34.40
$34.25
$34.35
$33.60
55,376
57,104
$35.75
$21.74
Latest Key Developments (Source: Significant Developments)
L'oreal SA Issues FY 2013 Guidance
L'oreal SA announced that it is confident to achieve another year of sales and profit growth for full year 2013. The Company reported full year 2012 revenue of EUR 28,869.5 million and full year 2012 net income of EUR 3,819.3 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for full year 2013 a revenue of EUR 31,135.2 million and net income of EUR 4,063.3 million. Full Article
L'oreal SA Acquires Interconsumer Products Limited
L'oreal SA announced that it has acquired the Health & Beauty business of Interconsumer Products Limited (ICP) in Kenya from its founding shareholder. Financial terms were not disclosed. Full Article
L'oreal SA Announces Resignation of Honorary Chairman
L'oreal SA announced the resignation of the Honorary Chairman of the Company, Mr. Lindsay Owen-Jones, who has headed the Company for almost 20 years, with effect as from April 26, 2013. Full Article
L'oreal SA Announces FY 2012 Dividend Proposal
L'oreal SA announced that its Board of Directors has decided to propose to the Annual General Meeting of April 26, 2013 the payment of a dividend of EUR 2.30 per share for fiscal year 2012, an increase of 15% compared with the previous year. Full Article
L'Oreal SA To Buy Back Shares-Reuters
Reuters reported that L'Oreal SA is to spend about EUR500 million ($669 million), or a third of its cash, buying back shares, it said. Full Article
L'Oreal SA Unveils New Research and Innovation Center in India
L'Oreal SA announced the inauguration, on January 10, 2013, of its new R&I Center to study Indian hair and skin specificities, as well as the beauty routines and expectations of Indian consumers. L'Oreal plans to invest a total of EUR140 million (Rs. 970 Crores) in India from 2011 to 2016. The R&I Center in India is the Group's sixth R&I hub globally. It includes both a Product Development Center in Mumbai and an Advanced Research Center in Bangalore, and will employ over 100 Indian researchers and scientists from the fields of Physical Chemistry, Organic Chemistry, Analytical Chemistry, Biotechnology, Chemical Engineering, Physics and Biology by end 2013. Full Article
L'Oreal SA Opens in Mexico Hair Color Production Plant
L'Oreal SA announced, on December 11, 2012 the opening of a hair color production plant. With an investment totaling USD 100 million, this new factory will double the production capacity in Mexico, and will supply both Latin America and North America. Focusing entirely on hair color products, the 32,000 square meters facility is located in the Logistik II Industrial Park, in Villa de Reyes, State of San Luis Potosi. L’Oréal’s other production plant is located in Mexico City. Full Article
L'Oreal SA Signs an Agreement to Acquire Urban Decay
L'Oreal SA announced that it has signed an agreement with Castanea Partners to acquire Urban Decay. Urban Decay was founded in 1996 and produces make-up. The financial terms of the deal were not disclosed. Full Article
L'oreal SA Inaugurates New Factory in Indonesia
L'oreal SA announced the opening of a 66,000 square meter factory located at the Jababeka Industrial Estate, West Java, Indonesia. With a staged investment totalling EUR 100 million (approximately IDR 1.25 trillion), this new factory will serve as the production hub for the South-East Asian region. It will manufacture hair and skin care products for the mass market brands, L'Oreal Paris and Garnier. 30% of the production will cater to the domestic market while 70% will be distributed to all other countries in the South-East Asian region. In 2013, the plant will produce 200 million units and has an installed capacity of 300 million units with the potential to reach up to 500 million units per year. Full Article
L'oreal SA Confirms FY 2012 Guidance
L'oreal SA announced that it confirms its targets for fiscal year 2012, and its ambition to achieve growth in revenue. In 2011 the Company reported revenue of EUR 20.34 billion. According to I/B/E/S Estimates, analysts are on average expecting the Company to report fiscal year 2012 revenue of EUR 22.34 billion. Full Article
BRIEF-L'Oreal shares rise 3 pct after Q1 sales
PARIS, April 19 - L'Oreal SA : * Shares rise 3 percent after Q1 sales
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