Beiersdorf reported a 40bp higher gross profit margin of 58.9% and EBITDA rose +76% to €1,163m in 2016. Net profit attributable to shareholders moved up +7% to €709m. Operating CF clearly increased +18% to €942m, based on the good operating basis and additionally fuelled by higher D/A and NWC inflows (€83m after €30m). Investing CF moved from €-655m to €-764m, burdened by higher net acquisitions of securities (€-675m after €-551m), bringing the cas
08 Mar 2017
FCF could have been better, cash at record high
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FCF could have been better, cash at record high
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
08 Mar 2017 -
Author:
Martin Schnee -
Pages:
3
Beiersdorf reported a 40bp higher gross profit margin of 58.9% and EBITDA rose +76% to €1,163m in 2016. Net profit attributable to shareholders moved up +7% to €709m. Operating CF clearly increased +18% to €942m, based on the good operating basis and additionally fuelled by higher D/A and NWC inflows (€83m after €30m). Investing CF moved from €-655m to €-764m, burdened by higher net acquisitions of securities (€-675m after €-551m), bringing the cas