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Date: Thursday, 18. February 2016
Author: Gast
Review:
About a year online maxarouse The rating reflects L\'Oreal\'s strong business profile and financial flexibility. L\'Oreal\'s business profile is underpinned by the group\'s leading position in the cosmetics industry and its comprehensive market coverage, seen in its high diversification by segment, product, price range and geography. Its strong financial flexibility is supported by high cash flow generation capacity, ample liquidity reserves and sound financial metrics. Fitch believes this should allow L\'Oreal to both meet its current financial policy, characterised by steadily increasing returns to shareholders and measured bolt-on acquisitions, or any deterioration in its operating performance, notably from its sales exposure to the more cyclical luxury and hair care professional markets.
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