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OFFON

BEIERSDORF AKTIENGESELLSCHAFT

(BEI)
  Report
Delayed Quote. Delayed Xetra - 04/16 11:35:25 am
91.52 EUR   -0.63%
04/13BEIERSDORF AG  : Gets a Buy rating from Barclays
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04/08BEIERSDORF AG  : DZ Bank sticks Neutral
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04/08BEIERSDORF AG  : NorldLB sticks Neutral
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Beiersdorf Says 1Q Sales Growth Was Above Market Expectations

04/07/2021 | 07:07am EDT

By Giulia Petroni

Beiersdorf AG said Wednesday that it expects sales growth for the first quarter to be above market expectations, but that it can't provide a reliable full-year forecast due to limited visibility.

The German maker of Nivea skin cream said that group sales rose 6.3% organically to 1.95 billion euros ($2.31 billion) in the quarter, according to provisional figures.

The consumer-business segment recorded a 2.7% increase on year in organic sales, driven by skin care, while adhesive brand Tesa's organic sales growth rose 24% to EUR397 million on strong demand from the industrial business.

Beiersdorf said there are no changes related to the forecast for 2021 provided earlier this year but that visibility is still limited by the coronavirus pandemic to provide a reliable outlook.

The company still anticipates positive sales growth in both business segments and at group level in the full year. The earnings before interest and taxes margin is seen at the prior year's level for the consumer segment and at group level, but below the previous year in the Tesa business.

The company is scheduled to release first-quarter results on April 28.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

04-07-21 0907ET

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Financials
Sales 2021 7 438 M 8 913 M 8 913 M
Net income 2021 664 M 795 M 795 M
Net cash 2021 3 460 M 4 146 M 4 146 M
P/E ratio 2021 30,9x
Yield 2021 0,77%
Capitalization 20 758 M 24 866 M 24 875 M
EV / Sales 2021 2,33x
EV / Sales 2022 2,16x
Nbr of Employees 20 306
Free-Float 39,0%
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Technical analysis trends BEIERSDORF AKTIENGESELLSCHAFT
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 91,86 €
Last Close Price 91,52 €
Spread / Highest target 31,1%
Spread / Average Target 0,37%
Spread / Lowest Target -14,8%
EPS Revisions
Managers and Directors
NameTitle
Stefan de Loecker Chairman-Executive Board
Astrid Hermann Chief Financial Officer
Reinhard Pöllath Chairman-Supervisory Board
May Shana'a Senior Vice President-Research & Development
Michael Herz Member-Supervisory Board
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