Beiersdorf : 2020 guidance shelved and Q1 forecast at -3.6%
>Significant impact from the COVID-19 outbreak and unable to forecast the impact on the rest of the year - In a press release issued at the end of the day yesterday, Beiersdorf announced that the 2020 targets announced on 3 March last are unattainable due to the entirely unforeseeable impact of the COVID-19 pandemic on the group’s activities. This shelving of the guidance, though not surprising, puts into perspective the defensive nature of a group considered less cyc...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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