Report
Pierre Tegner

Beiersdorf : BPA 2021 révisé en baisse de -10% avec un niveau de visibilité très faible : surtout sur Tesa et Coppertone

>Visibilité très réduite. Un mieux à attendre lors de la publication du T1 - La publication du T1 (demain avant ouverture) a déjà été pré annoncée il y a quelques semaines. Le management anticipe une baisse de 3.6% en lfl dont -3.3% en Consumer et -5.1% pour Tesa. Au-delà des détails qui seront communiqués par zone géographique, ce sont surtout les éléments sur la visibilité à moyen terme qui focaliseront l’attention alors que les objectifs 2020 (lfl 3% à 5% et MOP s...
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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