Beiersdorf : H1 2021 much stronger than expected in terms of organic growth and especially the operating margin. 2021 guidance upgraded
>Positive reaction expected - Neutral recommendation maintained. The announcement in April of the appointment of a new CEO prompted us to adopt a more constructive approach but we were not fully convinced by the CARE+ strategic plan which in our view did not address the question of the lack of operational diversification. The H1 results suggest that the new CEO’s mandate is off to a fairly strong start and that the departure of the former CEO was due more to differenc...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.