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4-Traders Homepage  >  Equities  >  Euronext Paris  >  L'Oreal    OR   FR0000120321

L'OREAL (OR)

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L'OREAL : Buys Skin-Care Brand Cadum For Undisclosed Amount

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04/26/2012 | 07:09pm CET

("L'Oreal Buys Skin-Care Brand Cadum For Undisclosed Amount," at 1642 GMT, misstated the name of the company in the fourth paragraph. The correct version follows:)

French cosmetics company L'Oreal SA (OR.FR) said Thursday it had closed a deal to buy skincare company Cadum from London-based investment fund Milestone Capital, without disclosing the amount paid.

The company said the business, whose sales were at EUR58 million in 2011, will join France's consumer products division.

Earlier Thursday, a press report said that the deal would be signed during the day for EUR200 million.

L'Oreal declined to comment on the financial details of the transaction.

-By Nadya Masidlover, Dow Jones Newswires; +33 1 4017 1740; nadya.masidlover@dowjones.com

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Financials (€)
Sales 2016 25 836 M
EBIT 2016 4 505 M
Net income 2016 3 307 M
Finance 2016 751 M
Yield 2016 1,90%
P/E ratio 2016 28,84
P/E ratio 2017 24,95
EV / Sales 2016 3,68x
EV / Sales 2017 3,45x
Capitalization 95 806 M
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Mean consensus HOLD
Number of Analysts 28
Average target price 174 €
Spread / Average Target 1,9%
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NameTitle
Jean-Paul Agon Chairman, Chief Executive Officer & Executive VP
Barbara Lavernos Executive Vice President-Operations
Christian Mulliez Chief Financial Officer & EVP-Administration
Laurent Attal Executive Vice President-Research & Innovation
Martha Crawford-Heitzmann SVP-Advanced Research & Scientific Directorate
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