Report
Fabian Semon ...
  • Pierre Tegner

Beiersdorf : S1 2021 bien plus fort qu’attendu en organique et surtout en marge opérationnelle. Relèvement de la guidance 2021

>Réaction positive attendue - Neutre maintenu. L’annonce en avril de la nomination d’un nouveau CEO nous avait incité à adopter une approche plus constructive mais nous restions dans l’expectative vis-à-vis de l’évolution du pan stratégique CARE+ qui n’adressait pas, selon nous, la question du manque de diversification opérationnelle. Les résultats du S1 laissent entendre que le mandat du nouveau CEO débute assez fortement et que le départ de l’ancien CEO est plus dû ...
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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