Report
Pierre Tegner

Beiersdorf : Conf call : un CEO “happy & relaxed” et des propos sur le Derma Business qui interpellent – prévisions de BPA quasi inchangées

>Gouvernance : pas plus de visibilité qu’avant. Neutre maintenu - La publication du CA et des résultats du S1 illustrent la très bonne qualité du momentum opérationnel. Pour autant, la réaction du marché a été légèrement négative. Le maintien de la guidance de marge opérationnelle malgré une révision en hausse de l’objectif de croissance organique a probablement déçu. Mais ce n’est pas la cause principale. La prudence du management est connue. Bien que très modeste, l...
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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Matthias Desmarais
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