Beiersdorf’s figures were determined by the good to strong growth momentum, despite Latin America, in Consumer in the first nine months. But Q3 was not that perfect showing some weaknesses in the fast-growing regions, especially Latin America. tesa envisaged some weakness in Europe. Beiersdorf’s Q3 performance fits our picture, but we expect some negative impact on profitability due to the moderate organic growth, especially in Consumer. Higher freight costs are also expected to b
30 Oct 2018
Organic growth weakness
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Organic growth weakness
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
30 Oct 2018 -
Author:
Martin Schnee -
Pages:
2
Beiersdorf’s figures were determined by the good to strong growth momentum, despite Latin America, in Consumer in the first nine months. But Q3 was not that perfect showing some weaknesses in the fast-growing regions, especially Latin America. tesa envisaged some weakness in Europe. Beiersdorf’s Q3 performance fits our picture, but we expect some negative impact on profitability due to the moderate organic growth, especially in Consumer. Higher freight costs are also expected to b