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MarketScreener Homepage  >  Equities  >  Xetra  >  Beiersdorf Aktiengesellschaft    BEI   DE0005200000

BEIERSDORF AKTIENGESELLSCHAFT

(BEI)
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Delayed Quote. Delayed Xetra - 09/20 11:35:20 am
107.6 EUR   -0.32%
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Beiersdorf Backs Outlook as 1st Half Sales Rose -- Update

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08/06/2019 | 02:39am EDT

By Anthony Shevlin

-First-half sales rose to EUR3.84 billion from EUR3.61 billion

-The company backed its guidance for the full year

-EBIT before special factors was EUR593 million

Beiersdorf AG (BEI.XE) on Tuesday backed its outlook for 2019 as sales in the first half rose.

The maker of Nivea skin cream said sales were 3.84 billion euros ($4.29 billion) in the period, up from EUR3.61 billion the year prior.

On an organic basis, sales rose 4.8%. Analysts at Credit Suisse expected organic-sales growth of 4.8% compared with consensus expectations of 3.5%.

Beiersdorf said sales in its consumer business rose 5.3% on an organic basis to EUR3.15 billion, boosted by strong performances in the Americas and Africa, Asia and Australia.

Sales in the company's La Prairie brand surged nearly 27%, the company said.

The company's Nivea brand grew 3.2%.

The German company said its adhesives unit tesa grew 2.4% on an organic basis, although the company blamed the downturn in the automotive business for its performance in the Americas.

"In an uncertain market environment, [the] automotive business in particular saw a negative sales trend. This was the primary reason for the declining sales in the Americas," it said.

Earnings before interest and taxes and special factors were EUR593 million. Last year the company posted EBIT of EUR585 million.

The company said special factors of EUR11 million were related to its acquisition of the Coppertone sun-care business from Bayer AG earlier this year.

Beiersdorf backed its outlook for the year and targets organic sales growth of between 3% and 5%, with an EBIT margin of around 14.5%, weighed down by planned investments.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

Stocks mentioned in the article
ChangeLast1st jan.
BAYER AG 0.49% 67.23 Delayed Quote.11.01%
BEIERSDORF AKTIENGESELLSCHAFT -0.32% 107.6 Delayed Quote.18.03%
CREDIT SUISSE GROUP AG -0.27% 12.865 Delayed Quote.19.44%
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Financials (EUR)
Sales 2019 7 688 M
EBIT 2019 1 115 M
Net income 2019 771 M
Finance 2019 3 506 M
Yield 2019 0,66%
P/E ratio 2019 31,4x
P/E ratio 2020 29,3x
EV / Sales2019 2,72x
EV / Sales2020 2,55x
Capitalization 24 406 M
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Technical analysis trends BEIERSDORF AKTIENGESELLSCH
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 105,09  €
Last Close Price 107,20  €
Spread / Highest target 16,6%
Spread / Average Target -1,97%
Spread / Lowest Target -17,9%
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
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