Beiersdorf : Départ de la CFO : remise en cause des objectifs de C.A.R.E. ou signal de M&A en Amérique du Nord?
>Alléger maintenu : trop concentré opérationnellement - Alléger maintenu. Nous continuons de penser que le titre devrait sous-performer ses pairs du Food HPC européen (-13% en YTD dont -7% sur 3 mois en absolu). Beiersdorf dispose de beaux actifs dans le Beauty Personal Care (Nivea, la prairie). Mais au-delà de son positionnement stratégique hybride (Tesa), le manque de diversification de son portefeuille de marques (Nivea : ~ 80% du CA Consumer) et de son mix géograp...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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