Group sales were down by 2% to €1,673m, but organic growth was +2%. Management confirmed 2016 guidance, expecting an organic sales growth of 3-4%, a slightly higher EBIT margin (2015: 14.4%) and PAT also slightly above the previous year’s (2015: 10.0%).
06 May 2016
Not a too bad start into 2016, but how has profitability performed?
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Not a too bad start into 2016, but how has profitability performed?
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
06 May 2016 -
Author:
Martin Schnee -
Pages:
2
Group sales were down by 2% to €1,673m, but organic growth was +2%. Management confirmed 2016 guidance, expecting an organic sales growth of 3-4%, a slightly higher EBIT margin (2015: 14.4%) and PAT also slightly above the previous year’s (2015: 10.0%).