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MarketScreener Homepage  >  Equities  >  Xetra  >  Beiersdorf Aktiengesellschaft    BEI   DE0005200000

BEIERSDORF AKTIENGESELLSCHAFT

(BEI)
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Real-time Quote. Real-time Tradegate - 08/21 03:04:23 pm
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Beiersdorf : grabs market share as group sales rise 6 percent

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10/30/2018 | 02:39am EDT
Notepads of German personal-care company Beiersdorf are pictured at the annual shareholders meeting in Hamburg

BERLIN (Reuters) - Beiersdorf, the maker of Nivea skin creams, said it snatched market share away from rivals as it posted a 6 percent rise in organic group sales in the first nine months, boosted by strong performances at both its Consumer and Tesa businesses.

The Hamburg-based company said on Tuesday its group sales, excluding currency moves and acquisitions, rose 6 percent to 5.4 billion euros (4.80 billion pounds)in the first nine months, after increasing 7.7 percent in the first half.

"Both Consumer and Tesa have posted strong growth rates over recent years," said Chief Executive Stefan Heidenreich.

"We continued this successful path in the first nine months of 2018 with significant sales increases that outperformed the market and with further gains in market shares."

Sales at its consumer business grew 5.6 percent, with Nivea brand sales up 2.7 percent. It Tesa adhesives unit, which supplies the automotive and electronics industries, saw sales rise 7.8 percent.

Beiersdorf reiterated its full-year guidance for underlying sales growth of 5 percent this year.

Unilever, whose Dove products compete with Nivea, said earlier this month it expected its sales growth would likely come in towards the bottom end of its 3 to 5 percent target range.

Rival Reckitt Benckiser posted third-quarter sales growth of 2 percent on Tuesday, which it said was held back by a temporary manufacturing disruption at a European baby formula factory.

(Reporting by Caroline Copley; Editing by Maria Sheahan)

Stocks mentioned in the article
ChangeLast1st jan.
BEIERSDORF AKTIENGESELLSCHAFT 1.04% 111.3 Delayed Quote.20.83%
RECKITT BENCKISER GROUP PLC 0.89% 6225 Delayed Quote.2.61%
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Financials (EUR)
Sales 2019 7 682 M
EBIT 2019 1 115 M
Net income 2019 772 M
Finance 2019 3 548 M
Yield 2019 0,64%
P/E ratio 2019 32,2x
P/E ratio 2020 30,1x
EV / Sales2019 2,82x
EV / Sales2020 2,65x
Capitalization 25 245 M
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Technical analysis trends BEIERSDORF AKTIENGESELLSCH
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 103,60  €
Last Close Price 110,10  €
Spread / Highest target 13,5%
Spread / Average Target -5,91%
Spread / Lowest Target -26,4%
EPS Revisions
Managers
NameTitle
Stefan de Loecker Chairman-Executive Board
Reinhard Pöllath Chairman-Supervisory Board
Dessi Temperley Chief Financial Officer
Michael Herz Member-Supervisory Board
Manuela Rousseau Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BEIERSDORF AKTIENGESELLSCHAFT20.83%27 708
PROCTER & GAMBLE COMPANY29.35%297 519
UNILEVER PLC23.40%152 740
UNILEVER (NL)12.95%149 120
ESTÉE LAUDER COMPANIES (THE)55.00%73 171
COLGATE-PALMOLIVE COMPANY21.88%62 240