Beiersdorf’s preliminary FY sales figures were above our expectations. Consumer continued its strong performance, driven by La Prairie and Nivea. tesa was also better than expected as Q4 came in unchanged yoy. Despite the confirmation of the group’s EBIT margin, the clarification ‘from ongoing operations’ raises suspicions. The recent acquisition of the former Bayer brand Coppertone might additionally burden the margin as the line was already brought down by the invest
16 Jan 2020
Strong Q4, but some uncertainty on the profitability line
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Strong Q4, but some uncertainty on the profitability line
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
16 Jan 2020 -
Author:
Martin Schnee -
Pages:
2
Beiersdorf’s preliminary FY sales figures were above our expectations. Consumer continued its strong performance, driven by La Prairie and Nivea. tesa was also better than expected as Q4 came in unchanged yoy. Despite the confirmation of the group’s EBIT margin, the clarification ‘from ongoing operations’ raises suspicions. The recent acquisition of the former Bayer brand Coppertone might additionally burden the margin as the line was already brought down by the invest