Report
Pierre Tegner

Beiersdorf : Guidance de croissance organique relevée suite au très bon S1. Mais poursuite des pertes financières

>Neutre maintenu. Pas certain que le marché réagisse positivement ! - Neutre maintenu. La force de la croissance organique du T2 (+9% vs +8.5%e et consensus à +7.4%) montre que le momentum est très dynamique tant sur le Consumer que sur Tesa. Mais le départ (non effectif) du CEO, comme du CFO (fin juin), entretient une situation très inconfortable sur les options stratégiques (acquisitions diversifiantes) que le groupe doit et peut financièrement prendre. La perte fin...
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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