Report
Fabian Semon ...
  • Pierre Tegner

Beiersdorf : Management enthusiastic and convincing on 2022

>Sounds like a recovery - The share price’s very positive reaction to the 2021 results (which were very much in line) was likely due to relief (confirmation of guidance for slight EBIT margin improvement) as well as to the CEO’s firm conviction in the opportunities for the group’s business both in 2022 and the longer term. In addition to the recovery naturally expected in the segments hurt by COVID (men care, travel retail, deodorant, sun care), we see above all ...
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
Fabian Semon

Pierre Tegner

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