Beiersdorf : Guidance 2018 inchangée : pourquoi laisser planer le doute sur le T4 ?
>Le groupe cherche-t-il à calmer les attentes avant la prise de fonction du nouveau CEO ? - Neutre maintenu. Le repli du titre suite à la publication d’un T3 globalement en ligne ramène la performance en YTD à 7% et pose nécessairement la question de savoir s’il n’y a pas une opportunité de LT. Nous pensons que c’est prématuré compte tenu 1) d’un PE 2019e qui reste à 25x, 2) d’un besoin de visibilité sur la stratégie du nouveau top management (notamment sur les optio...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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