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

L'ORÉAL (OR)
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L'Oreal : Commerce - French, US cosmetics firms fined for price fixing in Greece

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10/05/2017 | 01:22pm CEST

Greece's state competition watchdog has fined six prominent cosmetics firms, including Estee Lauder, L'Oreal and Christian Dior, some 19 million euros for distorting competition.

The Hellenic Competition Commission said Wednesday it had found "anti-competitive agreements between wholesalers of luxury cosmetics" aimed at fixing retail prices.

Estee Lauder's Greek branch was fined 5.4 million euros, while the subsidiaries of L'Oreal and Christian Dior received fines of 2.6 and 1.8 million euros respectively.

There has been no immediate comment from the companies.

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Stocks mentioned in the article
ChangeLast1st jan.
CHRISTIAN DIOR SE -1.25% 362.2 Real-time Quote.20.51%
L'ORÉAL -0.76% 210.3 Real-time Quote.14.57%
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Financials (€)
Sales 2018 26 489 M
EBIT 2018 4 839 M
Net income 2018 3 869 M
Finance 2018 3 197 M
Yield 2018 1,79%
P/E ratio 2018 30,73
P/E ratio 2019 28,75
EV / Sales 2018 4,37x
EV / Sales 2019 4,10x
Capitalization 119 B
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Mean consensus HOLD
Number of Analysts 28
Average target price 197 €
Spread / Average Target -6,9%
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Managers
NameTitle
Jean-Paul Agon Chairman & Chief Executive Officer
Alexis Perakis-Valat President-Consumer Products Division
Barbara Lavernos Executive Vice President-Operations
Christian Mulliez Chief Financial Officer & EVP-Administration
Laurent Attal Executive Vice President-Research & Innovation
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