(Boursier.com) — At the bottom of the CAC40, L’Oreal drops 2.8% to 330.5 euros, weighed down by the warning of Estee Lauder. The French giant’s American competitor has lowered its 2022 earnings forecast, citing the situation in China where store closures and supply chain disruptions are strong, but also higher costs and disruptions in Europe. due to Russia’s invasion of Ukraine. Jefferies notes that China is “less essential” for L’Oréal than for Estée Lauder, representing “only 20%” of its sales compared to 36% for the American company, nevertheless a “significant” downside risk weighs on the estimates current consensus on the level of organic growth expected in the second quarter (+8.7%).
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