Beiersdorf : 2021 EPS revised down by -10% with very low visibility, especially on Tesa and Coppertone
>Visibility very limited. Improvement on the cards for the Q1 release - The Q1 publication (tomorrow before the market opens) was already pre-announced a few weeks ago. Management is expecting an l-f-l drop of 3.6% of which -3.3% for consumer and -5.1% for Tesa. Over and above the geographic breakdown, all eyes will be on any points that can provide visibility on the medium term with the group having shelved its 2020 targets (3-5% l-f-l and stable operating margin) d...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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