Beiersdorf AG

Beiersdorf manufactures and distributes consumer goods. Co. operates in two business segments: consumer, which is Co.'s main business that focuses on the skin and body care markets, with products including NIVEA's Deodorant Invisible for Black & White, NIVEA Deodorant Stress Protect, NIVEA In-Shower Body Lotion, NIVEA Cellular Anti-Age face care, and Eucerin's VOLUME-FILLER; and tesa, which develops, produces, and markets self-adhesive products and system solutions for industry, craft businesses, and consumers. In the electrical industry, the tesa business segment's adhesive systems are used in mobile devices such as smartphones, tablet personal computers, and MP3 players.
  • TickerBEI
  • ISINDE0005200000
  • SectorPersonal Goods
  • CountryGermany
Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

...

Pierre Tegner

Beiersdorf : Management expects H1 sales down -10.7% l-f-l...implying -18% for Q2

>Sales warning - In a measured press release issued yesterday afternoon (4.00 p.m. Paris time), management indicated that H1 would likely be down -10.7% l-f-l (of which -10.9% for the consumer activity and -10% for Tesa). The group also indicated that, at this stage, the impacts of the COVID-19 pandemic were unpredictable. This was not an official profit warning since guidance for 2020 was abandoned in April. However, it does imply that Q2 will be down -18%, demonstra...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

...

Pierre Tegner

Beiersdorf : Le management table sur un S1 à -10.7% en lfl …qui implique un T2 à -18%.

>Sales warning - Via un communiqué laconique publié hier en séance (16h00 Paris time), le management a indiqué que le S1 ressortirait a priori à -10.7% en lfl (dont -10.9% en Consumer et -10% pour Tesa). Il a également indiqué qu’à ce stade, les impacts de la pandémie de COVID-19 étaient imprévisibles. Ce n’est pas formellement un warning dès lors que la guidance 2020 avait été abandonnée en avril. Mais cela implique un T2 à -18%, ce qui montre l’ampleur de l’impact ;...

BEIERSDORF AG sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BEIERSDORF AG (DE), a company active in the Personal Products & Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 1 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date May 29, 2020, the closing price was EUR 94.88 and its potential was estimated at EUR 103.57.

Matthieu DRIOL

Analyse court terme - BEIERSDORF AG : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 85,10 €, puis 84,34 €. Le franchissement de 101,30 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - BEIERSDORF AG : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €85.10, then €84.34. Passing €101.30 would question the continuation of the fall.

Matthieu DRIOL

Short term view - BEIERSDORF AG : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €85.10. The bearish trend would be challenged above €101.30.

Matthieu DRIOL

Analyse court terme - BEIERSDORF AG : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 85,10 €. La tendance baissière serait remise en cause au-dessus de 101,30 €.

Matthieu DRIOL

Analyse moyen terme - BEIERSDORF AG : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 84,70 €. La tendance serait remise en cause par la rupture de 84,70 €.

Beiersdorf Ag: 1 director bought

A director at Beiersdorf Ag bought 115,498 shares at 86.273EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

...

Pierre Tegner

Beiersdorf : Management expects H1 sales down -10.7% l-f-l...implying -18% for Q2

>Sales warning - In a measured press release issued yesterday afternoon (4.00 p.m. Paris time), management indicated that H1 would likely be down -10.7% l-f-l (of which -10.9% for the consumer activity and -10% for Tesa). The group also indicated that, at this stage, the impacts of the COVID-19 pandemic were unpredictable. This was not an official profit warning since guidance for 2020 was abandoned in April. However, it does imply that Q2 will be down -18%, demonstra...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

...

Pierre Tegner

Beiersdorf : Le management table sur un S1 à -10.7% en lfl …qui implique un T2 à -18%.

>Sales warning - Via un communiqué laconique publié hier en séance (16h00 Paris time), le management a indiqué que le S1 ressortirait a priori à -10.7% en lfl (dont -10.9% en Consumer et -10% pour Tesa). Il a également indiqué qu’à ce stade, les impacts de la pandémie de COVID-19 étaient imprévisibles. Ce n’est pas formellement un warning dès lors que la guidance 2020 avait été abandonnée en avril. Mais cela implique un T2 à -18%, ce qui montre l’ampleur de l’impact ;...

Pierre Tegner

ODDO : Coty professional haircare: the choice of KKR

>Agreement with KKR for a 60/40 joint venture - At its Q3 2019-20 results release (FY ends 30 June), Coty announced yesterday that it had entered into a twofold agreement with KKR: 1/ a memorandum of understanding for the sale to KKR of a 60% stake in the professional beauty and retail hair businesses (Wella, Clairol, OPI and ghd) based on an EV of $ 4.3bn. Coty will own the remaining 40% and as part of the transaction will receive nearly $ 3bn in cash. The asset...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/12/2020

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/05/2020

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Florent Laroche-Joubert
  • Jean Sassus
  • Pierre Tegner
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/05/2020

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Florent Laroche-Joubert
  • Jean Sassus
  • Pierre Tegner
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/05/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/04/2020

...

BEIERSDORF AG sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BEIERSDORF AG (DE), a company active in the Personal Products & Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 1 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date May 29, 2020, the closing price was EUR 94.88 and its potential was estimated at EUR 103.57.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Beiersdorf – AGM 29 April 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by way of electronic communication (postal voting or electronic participation) or by granting authority to the proxy designated by the Company.   Item 12a: We recommend to oppose the election of Wolfgang Herz to the Supervisory Board due to our concerns over the insufficient independent representation on the Boar...

Expert Corporate Governance Service (ECGS)

Beiersdorf April 17th, 2019

Item 2: Management and Supervisory Board are proposing an unchanged dividend of EUR 0.70 per share which corresponds to a payout ratio of 21.81% per share (EPS: EUR 3.21). The dividend is covered by earnings and free cash flow and can thus be provided by the Company. However, we note that the dividend has not been increased for the ninth consecutive year, while at the same time EPS increased by 94.54% in the period from 2009 until 2018. We urge the Company to establish a sustainable long-term dividend policy, thereby taking into account its strategic objectives, in particular with regard to po...

Beiersdorf – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 20/04/2017

Item 7: Approval is sought for the amended remuneration system which is applicable since financial year 2016. The amended remuneration system is considered as a deterioration compared to the previous remuneration system due to the abolition of the deferral of part of the annual bonus and the removal of an additional performance criterion from a component of the long-term incentive. Furthermore, we have concerns over the structure of remuneration being paid to Management Board members: The CEO's maximum total remuneration (excluding benefits in kind) may reach up to EUR 9.75m (780% of base sala...

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