Report
Fabian Semon ...
  • Pierre Tegner

Beiersdorf : Résultats en ligne et objectifs 2023 sans grande surprise

>Réaction neutre attendue - Recommandation Neutre maintenue (OC 90 €) sur un groupe qui va dans la bonne direction (diversification de son portefeuille de marques et de gammes en Consumer). Mais la valorisation (PE 2023e : 30x) limite, selon nous, le potentiel. La publication de ce matin reflète des résultats de bonne qualité mais ne devrait pas entraîner de réaction particulière sur le titre car ils sont très en ligne avec les attentes (tout du moins sur l’EBIT coura...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch