Beiersdorf : Legitimate ambition to extend footprint in skincare but mid-term guidance unchanged
>Neutral rating maintained with a higher target price of € 132 - Neutral rating maintained, with a higher target price of € 132. The half-day presentation of the group’s new strategy lends weight to our view that management will continue its focus on skin care and to expand the operating footprint. This should underpin investor confidence on the group’s level of resilience to generate EPS growth of 7-8% over the medium to long term. With a 2025e P/E of 30x which is cl...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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