Beiersdorf : Q3 2019 revenue at 3.3% l-f-l, short of expectations as a result of Tesa and the slowdown for La Prairie
>Negative reaction expected - The market is likely to react negatively to this 9M 2019 revenue release, which implies organic growth of 3.3% vs a consensus of 4.4%, as a result of Tesa but also a slightly weaker-than-expected performance in the consumer segment. Admittedly, the group has adjusted upwards the lower end of the organic growth range expected in the consumer segment for 2019, but this was already anticipated. In contrast, management has revised that of Tes...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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