There were hopes in the appointment of Mr De Loecker as the new CEO and some of these have been met (for example higher dynamics, M&A). Higher dividends remain on the list for the future, despite €8.3bn (€8.1bn) of cash on hand. Management delivered towards its targets, when the effects of the acquisition and CARE+ programme are stripped out. But one has to bear in mind, it was only the CEO’s first year. Sustainability has become more strongly into management’s focus
04 Mar 2020
Unclear view on 2020
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Unclear view on 2020
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
04 Mar 2020 -
Author:
Martin Schnee -
Pages:
3
There were hopes in the appointment of Mr De Loecker as the new CEO and some of these have been met (for example higher dynamics, M&A). Higher dividends remain on the list for the future, despite €8.3bn (€8.1bn) of cash on hand. Management delivered towards its targets, when the effects of the acquisition and CARE+ programme are stripped out. But one has to bear in mind, it was only the CEO’s first year. Sustainability has become more strongly into management’s focus