Six months into the crisis, the effects have intensified although the pattern has not changed compared to Q1: Adhesive Technologies suffered the most followed by Beauty Care. Laundry & Home Care was subdued but still in positive territory. The reported figures were a notch above our expectations, but missed Street expectations at the profitability level.
06 Aug 2020
Some deterioration in Q2
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Some deterioration in Q2
Six months into the crisis, the effects have intensified although the pattern has not changed compared to Q1: Adhesive Technologies suffered the most followed by Beauty Care. Laundry & Home Care was subdued but still in positive territory. The reported figures were a notch above our expectations, but missed Street expectations at the profitability level.