Beiersdorf : Q2 forecast up +8.5% on an organic basis (cyber-attack effect of 2017) and probable upward revision to 2018 guidance
>Neutral recommendation unchanged despite very brisk operating momentum - Q2 organic growth and H1 results will likely lend weight to the notion that the group remains anchored in its very brisk operating momentum. In this respect, a slight upward adjustment of the 2018 guidance is likely. The prospect of a very good Q2 appears to be well priced in by the stock’s rebound over the past six weeks. The reason we remain on Neutral despite the announcement mid-June of the ...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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