Beiersdorf : H1 reflected strong performances at the organic and operating margin levels which facilitates upward revision to guidance and securing the offensive on H2
>Interim results should be well received - Neutral recommendation maintained (TP € 90) given the valuation (PER 2024e: 27x). The publication of H1 results should be welcomed due to EPS that is 6% above expectations and an increase in the organic growth target of the Consumer division, now expected in high single digit / low double digit territory. H1 EPS at +17%, well ahead of expectations thanks to the very sharp rise in the operating margin for the Cons...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.