Report
Pierre Tegner

Beiersdorf : Conf call : des questions sur ce qu’est vraiment C.A.R.E. Plus de marketing ou plus d’Opex ?

>Forte réaction positive ; nous restons en Alléger - Contre toute attente, le titre a fortement réagi à la publication des résultats du S1 un peu supérieurs au consensus. Le management est suffisamment confiant pour avoir indiqué qu’il visait désormais le haut de la guidance de croissance organique de 3% à 5% pour le Consumer. Mais c’était déjà anticipé. Nous attribuons la hausse de près de 4% du titre à des éléments beaucoup plus rationnels ; l’annonce de l’intégrati...
Underlying
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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre Tegner

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