L'Oreal CEO Continues Guiding to Above Market Growth

Headlines from L'Oreal CEO {OR FP Equity} (AA, Aa1) on BFM Business TV that he expects to beat market growth of 5-6% in '24 (https://www.bfmtv.com/economie/entreprises/l-oreal-le-directeur-general-veut-croitre-plus-vite-que-le-marche-de-la-beaute-en-2024_AV-202402120266.html).

Again seems no firm numbers & beating market growth was already discussed on Friday's post-FY23 results call - though on Friday it was 4-5%+; "I expect the global beauty market to resume its historic growth rate of around 4% to 5% in '24 and beyond". By region colour/guidance;

"So I will not give you my expectation of the European or American growth for in numbers for 2024...I mean, I'm looking at -- we have the Head of Europe here, but the months of January, the markets remain resilient...And it's the same for the US where the economy is very strong overall in the US...Actually luxury is doing great. Makeup had slowed down a little bit in mass, but -- so there are fluctuations.".

Focus for analyst is likely to stay on China where guidance was "we don't expect the Chinese market to be over-dynamic in the first half. We are more ambitious in the second half". Analyst takes; {NSN S8L67MDWLU68 <GO>}