Loreal, FR0000120321

L'Oréal stock reports stronger first-half margins and new debt funding

Published on 09/25/2026 at 12:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

L'Oréal stock was trading at EUR 385.10 on September 25, 2026, as first-half sales reached EUR 23.77 billion. A EUR 2 billion bond issue adds a new financing angle.

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L'Oréal stock (ISIN FR0000120321) was trading at EUR 385.10 on Euronext Paris on September 25, 2026, up 0.12 percent from the previous close. The current company catalyst is a EUR 2 billion bond offering announced on September 24, 2026, with settlement scheduled for September 30, as Yahoo Finance reported.

Three tranches fund operations

The offering comprises a EUR 850 million two-year floating-rate bond, a EUR 500 million three-year fixed-rate bond paying 3.75 percent, and a EUR 650 million seven-year bond paying 4.00 percent. The proceeds are intended for general corporate purposes, while the bonds are expected to receive AA and Aa1 ratings from S&P and Moody's, respectively, according to Yahoo Finance.

First-half margin reaches 21.3 percent

The financing move comes after a profitable first half. L'Oréal reported EUR 23.77 billion in first-half 2026 sales, up 6.5 percent on a like-for-like basis, while operating profit rose 6.8 percent to EUR 5.06 billion, according to AInvest. Operating margin reached a record 21.3 percent, an increase of 20 basis points from the year-earlier period.

That combination gives investors two measurable signals: sales growth remains positive and operating leverage is expanding. The balance-sheet decision adds debt-market access to the earnings story, but the coupons also set a visible financing cost for the new bonds.

Analysts set a wide range

BNP Paribas upgraded L'Oréal to Outperform from Neutral on September 2, 2026, raising its price target from EUR 439 to EUR 460, as MarketScreener reported. Deutsche Bank provided a counterpoint on September 9, maintaining a Sell rating and a EUR 340 target, according to MarketScreener.

Stock trades at EUR 385.10

L'Oréal stock was trading at EUR 385.10 on Euronext Paris at 12:24 p.m. CEST on September 25, 2026. Its 52-week range was EUR 338.85 to EUR 405.80, while market capitalization stood at EUR 205.03 billion.