Beiersdorf : Management expects H1 sales down -10.7% l-f-l...implying -18% for Q2
>Sales warning - In a measured press release issued yesterday afternoon (4.00 p.m. Paris time), management indicated that H1 would likely be down -10.7% l-f-l (of which -10.9% for the consumer activity and -10% for Tesa). The group also indicated that, at this stage, the impacts of the COVID-19 pandemic were unpredictable. This was not an official profit warning since guidance for 2020 was abandoned in April. However, it does imply that Q2 will be down -18%, demonstra...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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