Report
Pierre Tegner

Beiersdorf : Conference call: a “happy & relaxed” CEO and interesting comments on the Derma business – EPS estimates virtually unchanged

>Governance: no more visibility than before. Neutral rating maintained. - The group’s H1 sales and earnings figures show that the operating momentum is of very good quality indeed. And yet the market reacted slightly negatively. It was probably disappointed by the fact that management kept its operating margin guidance unchanged despite raising its organic growth target. But that was not the main reason. Management is renowned for being conservative. Although the nega...
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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