L'Oréal: FY EPS up 9.3%

(CercleFinance.com) - Group revenues reached 29.
87 billion euros as reported as at 31 December 2019, up 10.9%.
On a like-for-like basis, i.e. at a constant consolidation scope and exchange rates, sales growth reached 8.0%.

Its gross margin reached 73.0% of sales at 21,808 million euros, against 72.8% in 2018, up 20 basis points.

Net income, group share excluding non-recurrent items amounted to 4,356 million euros, up 9.3%. At 7.74 euros, EPS rose by 9.3%. Net income, group share amounted to 3,750 million euros.

At the forthcoming AGM on 21 April 2020 L'Oréal's Board of Directors will propose a dividend of 4.25 euros, up 10.4%, compared to that paid in 2019.


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