9M sales stood unchanged at €5,032m, but organic growth was +3%. Consumer’s sales came in unchanged at €4,177m (organic: +3%) and tesa declined 1% to €855m (organic: +1%). 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%).
03 Nov 2016
Consumer’s LatAm burden
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Consumer’s LatAm burden
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
03 Nov 2016 -
Author:
Martin Schnee -
Pages:
2
9M sales stood unchanged at €5,032m, but organic growth was +3%. Consumer’s sales came in unchanged at €4,177m (organic: +3%) and tesa declined 1% to €855m (organic: +1%). 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%).