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    BAYN   DE000BAY0017

BAYER AG

(BAYN)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 11/29 04:43:35 am
45.233 EUR   -0.67%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Bayer : Nivea maker Beiersdorf names new CEO as Q1 sales rise

04/28/2021 | 04:41am EST

BERLIN (Reuters) - Nivea maker Beiersdorf on Wednesday named board member Vincent Warnery as its new CEO to take over from May 1, as it confirmed a rise in first-quarter sales driven by strong demand for adhesives and its dermatological brands.

Beiersdorf said Stefan de Loecker will step down after a little more than two years in the job. His mandate will end on June 30.

Under de Loecker's leadership, Beiersdorf invested more in its consumer business to counter a drop in sales growth and bought U.S. sun care brand Coppertone from Bayer for $550 million to strengthen its position in North America.

The Hamburg-based firm, which pre-released first-quarter results earlier this month, confirmed group sales rising 6.3% to a pre-crisis level of 1.9 billion euros ($2.29 billion) in the three months of the year. It said online sales jumped by more than 70% in the quarter.

It reaffirmed its full-year 2021 EBIT (earnings before interest and tax) margin forecast would be level with last year's as the pandemic continues to hit sales of sun and lip care products.

Shares in the company were up 0.9% at 0743 GMT.

($1 = 0.8284 euros)

(Reporting by Riham Alkousaa; Editing by Maria Sheahan and Barbara Lewis)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BAYER AG -0.48% 45.33 Delayed Quote.-5.43%
BEIERSDORF AG -0.33% 90.48 Delayed Quote.-3.88%
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Analyst Recommendations on BAYER AG
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Financials
Sales 2021 42 956 M 48 463 M 48 463 M
Net income 2021 661 M 745 M 745 M
Net Debt 2021 38 333 M 43 247 M 43 247 M
P/E ratio 2021 62,3x
Yield 2021 4,49%
Capitalization 44 740 M 50 628 M 50 475 M
EV / Sales 2021 1,93x
EV / Sales 2022 1,83x
Nbr of Employees 99 814
Free-Float 100,0%
Chart BAYER AG
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Bayer AG Technical Analysis Chart | MarketScreener
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Technical analysis trends BAYER AG
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 45,54 €
Average target price 62,61 €
Spread / Average Target 37,5%
EPS Revisions
Managers and Directors
Werner Baumann Chairman-Management Board & CEO
Wolfgang U. Nickl Chief Financial Officer
Norbert Winkeljohann Chairman-Supervisory Board
Bijoy Sagar Chief Information Technology Officer
Paul Achleitner Member-Supervisory Board
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