Beiersdorf : +6% since the appointment of a new CEO. Caution on Q3, Tesa and 2019
>+6% since the appointment of a new CEO: justifiable but excessive - Neutral recommendation maintained. With the Q3 results publication in prospect, Share price gains of 6% since the appointment of the new CEO (15 October) can be explained by the end of the period of uncertainty prevailing since 20 June and by a shift towards defensive stocks. But the extent of the rebound looks surprising in our view. Q3 should put an end to four consecutive quarters of organic ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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