Despite been hit by the cyber attack at the end of June, Beiersdorf reported +5% higher sales and an improved gross profit margin (+60bp to 59.7%) in H2. EBITDA went up +9% to €630m and net profit attributable to shareholders came in +7% higher at €388m. Operating CF (-6% to €384m) suffered from the swing in NWC (€-39m after €8m), forced primarily by higher inventories. Despite higher capex, investing CF moved from €-276m to €-208m, lightened by lower net pa
03 Aug 2017
Consumer’s emerging markets difficulties
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Consumer’s emerging markets difficulties
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
03 Aug 2017 -
Author:
Martin Schnee - Pages:
Despite been hit by the cyber attack at the end of June, Beiersdorf reported +5% higher sales and an improved gross profit margin (+60bp to 59.7%) in H2. EBITDA went up +9% to €630m and net profit attributable to shareholders came in +7% higher at €388m. Operating CF (-6% to €384m) suffered from the swing in NWC (€-39m after €8m), forced primarily by higher inventories. Despite higher capex, investing CF moved from €-276m to €-208m, lightened by lower net pa