Last $33.58 USD
Change Today -0.25 / -0.74%
Volume 24.7K
As of 3:47 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

l'oreal-unsponsored adr (LRLCY) Key Developments

L'Oreal SA Announces Consolidated Sales Results for the Second Quarter and Earnings Results for the First Half Year Ended June 30, 2014

L'Oreal SA announced consolidated sales results for the second quarter and earnings results for the first half year ended June 30, 2014. For the quarter, the company reported sales of €5,536.0 million compared to €5,576.9 million for the same period a year ago. For the first half year, the company reported sales of €11,174.6 million compared to €11,342.4 million for the same period a year ago. Operating profit was €2,029.0 million compared to €2,025.9 million for the same period a year ago. Profit before tax and associates excluding non-recurring items were €2,352.0 million compared to €2,340.4 million for the same period a year ago. Net profit continuing operations, excluding non-recurring items, attributable to owners of the company was €1,773.5 million or €2.92 per share compared to €1,774.5 million or €2.92 per share for the same period a year ago. Net profit attributable to owners of the company was €1,734.8 million or €2.85 per diluted share compared to €1,708.9 million or €2.81 per diluted share for the same period a year ago.

L'Oreal SA, H1 2014 Earnings Call, Aug 01, 2014

L'Oreal SA, H1 2014 Earnings Call, Aug 01, 2014

L'Oreal SA to Report First Half, 2014 Sales/Trading Statement Results on Jul 31, 2014

L'Oreal SA announced that they will report first half, 2014 sales/trading statement results on Jul 31, 2014

L'Oreal Announces the Resignation of Paul Bulcke as Director

L'Oreal SA announced that it has finalised the acquisition of 48,500,000 L’Oréal shares (8% of its share capital) owned by Nestlé, and the disposal of its 50% ownership in Galderma to Nestlé. The number of Nestlé representatives on L’Oréal’s board of directors is reduced from 3 to 2 directors following the resignation of Mr. Paul Bulcke, and the ownership ceiling provisions of the shareholders’ agreement between Nestlé and the Bettencourt Meyers family now apply to their respective new holdings.

Judd Law Group Announces Litigation Settlement Between Public Interest Alliance and Cosmetics Manufacturers

Judd Law Group, attorneys for Public Interest Alliance (PIA), announced that the California Superior Court has approved settlements between PIA and five personal care products manufacturers, which have agreed either to remove titanium dioxide (TiO2) from their products, provide Proposition 65 (The Safe Drinking Water and Toxic Enforcement Act of 1986) compliant warnings, or remove products that contain TiO2 from the California market. The May 20, 2014 decision (Alameda Superior Court Case #RG13697992) follows a lawsuit filed by PIA in the fall of 2013 against 100 manufacturers of powder makeup and sun-protection products. PIA mission is to improve human health, alleges these cosmetics manufacturers violated California's Prop 65 by failing to provide clear and reasonable warning of exposure to TiO2 (airborne, unbound particles of respirable size). PIA's lawsuit alleges L'Oreal, Maybelline, Revlon, and dozens of other cosmetics brands failed to provide a clear and reasonable warning in connection with the sale of powder makeup and sun-protection products, which expose consumers to airborne TiO2.

 

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