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BEIERSDORF AKTIENGESELLSCHAFT

(BEI)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 01/18 12:08:17 pm
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Beiersdorf : Ramping up Climate Action on Product Level

12/01/2021 | 04:11am EST

NIVEA has just started to put the first deodorants on shelf featuring Salvalco's innovative Eco-Valve technology. Eco-Valve utilizes eco-friendlier, inert gases, such as nitrogen as propellant in aerosol sprays. This brings about a higher yield per can, resulting in a significant reduction of greenhouse gas emissions - while delivering an excellent spray quality.

Developed and patented by Salvalco, Eco-Valve offers a more climate-friendly alternative to aerosols with conventional hydrocarbon propellants. Advancing the aerosol industry, the UK-based engineering company develops innovative aerosol valve systems and provides them to customers around the world. As a result of a strong collaboration following the venture capital investment by OSCAR&PAUL Beiersdorf Venture Capital in 2020, NIVEA is the first global brand to use this patented, climate-friendlier aerosol valve - taking the lead in its industry.

"I am very pleased to report that we have made significant progress on our sustainability journey in the past months. We share the vision of a climate-positive future with our partners at Salvalco and are excited to deliver now more climate-friendly aerosol products to our consumers," says Michael Becker, Head of Global Packaging R&D at Beiersdorf.

Peter Shaw, Managing Director of Salvalco, adds: "Our Eco-Valve technology allows brands, such as NIVEA, to meet increasing consumer demand for more sustainable aerosol solutions supporting a climate-friendlier lifestyle. We are delighted to see that an iconic global brand such as NIVEA is leading the way with our technology."

Disclaimer

Beiersdorf AG published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 09:10:05 UTC.


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Net income 2021 661 M 751 M 751 M
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Nbr of Employees 20 465
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Number of Analysts 25
Last Close Price 90,14 €
Average target price 102,46 €
Spread / Average Target 13,7%
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Vincent Warnery Chairman-Executive Board
Astrid Hermann Chief Financial Officer
Reinhard P÷llath Chairman-Supervisory Board
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