Beiersdorf reported +5% higher sales (to €5,281m) after nine months, primarily driven by tesa. Management raised FY guidance, now expecting the group’s sales growth to be 4-5% (previously: 3-4%) and a slight improvement in the EBIT margin.
26 Oct 2017
Just a catch up effect? But guidance lifted
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Just a catch up effect? But guidance lifted
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
26 Oct 2017 -
Author:
Martin Schnee -
Pages:
2
Beiersdorf reported +5% higher sales (to €5,281m) after nine months, primarily driven by tesa. Management raised FY guidance, now expecting the group’s sales growth to be 4-5% (previously: 3-4%) and a slight improvement in the EBIT margin.