L'Oréal H1 revenue €23.77B; shares ~5.6% below GF Value

L'Oréal reported H1 revenue of €23.77B (+5.8%) and a 21.3% operating margin. L'Oréal Luxe sales were near €8B (like-for-like +5.1%). The stock trades about 5.6% below GF Value 91.24 as its market-cap lead over LVMH is described as fragile.