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Mr
Essay specific features
Written by:
George C
Date added:
August 27, 2014
Level:
University
Grade:
A
No of pages / words:
6 / 1503
Was viewed:
10243 times
Rating of current essay:
Essay content:
On the contrary, net debts, already
very low (0.5 x Ebitda), continue to fall.
As a result, ROE is excellent without the leverage effect coming into play, thanks to the
growing contribution of the stake in Sanofi-Synthelabo – 17% of L’Oreal’s earnings in 1999,
and 29% expected in 2003.
At 17% in 2003, ROE is well above the cost of equity...
displayed 300 characters
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On the contrary, net debts, already
very low (0.5 x Ebitda), continue to fall.
As a result, ROE is excellent without the leverage effect coming into play, thanks to the
growing contribution of the stake in Sanofi-Synthelabo – 17% of L’Oreal’s earnings in 1999,
and 29% expected in 2003.
At 17% in 2003, ROE is well above the cost of equity...
displayed 300 characters
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