Beiersdorf’s H1 sales weakened by 1% to €3,358m and the gross profit margin declined 30bp to 59.1%. EBITDA stood +2% higher (at €580m) and net profit attributable to shareholders rose +5% to €364m. Operating CF strongly increased (€407m after €290m), fuelled by a swing in NWC from €-104m to €8m due to lower inventories and lower increases in receivables and liabilities. Despite significantly lower capex, investing CF moved from €-235m to €-27
04 Aug 2016
Other operating result and financial result made the difference
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Other operating result and financial result made the difference
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
04 Aug 2016 -
Author:
Martin Schnee -
Pages:
3
Beiersdorf’s H1 sales weakened by 1% to €3,358m and the gross profit margin declined 30bp to 59.1%. EBITDA stood +2% higher (at €580m) and net profit attributable to shareholders rose +5% to €364m. Operating CF strongly increased (€407m after €290m), fuelled by a swing in NWC from €-104m to €8m due to lower inventories and lower increases in receivables and liabilities. Despite significantly lower capex, investing CF moved from €-235m to €-27