Beiersdorf’s FY would have been a good match with our expectations, but the financial result was hit by a significant one-off, which was completely unexpected as the financial investments had been perfectly managed in the past. The rumours about the expiration of the CFO’s contract could be seen in this context, but we see it differently.
02 Mar 2018
Financials an issue
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Financials an issue
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
02 Mar 2018 -
Author:
Martin Schnee -
Pages:
3
Beiersdorf’s FY would have been a good match with our expectations, but the financial result was hit by a significant one-off, which was completely unexpected as the financial investments had been perfectly managed in the past. The rumours about the expiration of the CFO’s contract could be seen in this context, but we see it differently.