Beiersdorf : Soft Q3 at 5.2% in l-f-l vs consensus of 6.7%. guidance reiterated
>Q3 sales organic growth at 5.2% - Q3 sales of € 2,375m at +2.4% with organic growth of 5.2% is below expectations both in reported basis and in organic terms. VA consensus was expecting 5.3% reported sales growth with 6.7% organic growth. We were more conservative with 4.3% reported sales growth and 6.3% organic growth. Indeed, Q3 organic growth in Q3 came in at 5.2% for the group vs VA css at 6.7% and ODDO BHF at 6.3%. Nevertheless, the company confirms the guidance...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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