|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.11 - 23.20|
|52 Week Range||18.44 - 23.50|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||33.00|
|Forward Dividend & Yield||0.16 (0.71%)|
|1y Target Est||N/A|
Beiersdorf, the maker of Nivea and other skin care brands, is buying U.S. sun care brand Coppertone from Bayer for $550 million to strengthen its position in North America, the German consumer goods firm said on Monday. Beiersdorf said in a statement that Coppertone had sales of around $213 million in 2018. "We are convinced that Coppertone and its team will add complementary expertise to our leading brand portfolio and significantly strengthen our position particularly in the U.S.," said Beiersdorf chief executive Stefan de Loecker.
Beiersdorf, the maker of Nivea and other skin care brands, is buying U.S. sun care brand Coppertone from Bayer for $550 million to strengthen its position in North America, the German consumer goods firm said on Monday. Beiersdorf said in a statement that Coppertone had sales of around $213 million in 2018. It said the transaction was subject to approval by merger control authorities, but should be closed in the third quarter.
NEW YORK, May 6, 2019 /PRNewswire/ -- Today, Nielsen (NLSN) announced the renewal and expansion of its analytic relationship with Beiersdorf U.S., a trusted global leader within the skin care category. Together, Nielsen and Beiersdorf U.S. are fostering growth in the health and beauty space by accelerating the adoption of cutting edge analytics and technology. With this agreement, Beiersdorf U.S. became the first skin care company to engage with Nielsen's newest technology platform, Nielsen Connect.
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German consumer goods firm Beiersdorf reported a recovery in sales of its Nivea skin cream and its premium La Prairie brand in the first quarter after a new chief executive pledged more investment to fight niche brands. Beiersdorf shares rose more than 3 percent after the group said on Tuesday that first-quarter sales came in at 1.947 billion euros (£1.7 billion), a rise of 6 percent after stripping out currency effects and acquisitions. Mass-market labels like Nivea have struggled in recent years amid the rise of small, disruptive brands like Canada's The Ordinary, and as consumers favoured more natural ingredients and premium products.
European shares fell in early deals on Wednesday, snapping a three-day winning streak amid growing India-Pakistan tensions, and a warning from Beiersdorf hammered consumer staples stocks while Air France-KLM and Marks & Spencer sank. The pan-European STOXX 600 index closed down 0.3 percent, having touched its highest level since the beginning of October on Tuesday.
Beiersdorf is the latest consumer goods company to reset profit expectations for 2019 after German rival Henkel and Colgate-Palmolive last month, and following Kraft Heinz's writedown last week. "The consumer goods industry... is in turmoil," new Beiersdorf CEO Stefan De Loecker, who took over on Jan. 1, said in a presentation to analysts.
European shares fell in early deals on Wednesday, snapping a three-day winning streak amid growing Indian-Pakistani tensions, and a warning from Beiersdorf hammered consumer staples stocks while Air France-KLM and Marks and Spencer sank. Investors were still awaiting fresh news on China-U.S. trade talks, but sentiment overall was gloomy with a growing confrontation between India and Pakistan rattling confidence in assets considered risky. "Geopolitical tensions between Pakistan and India have strongly impacted equities from Tokyo to London today, with investors fearing a further escalation," said Pierre Veyret, analyst at ActivTrades.
AG (BEI.XE) late Tuesday launched a new strategy program to realign its consumer business and said its 2018 sales and after-tax profit both rose. Beiersdorf expects organic growth in its consumer business--which accounted for over 80% of its sales in 2018--to increase to between 4% and 6% and targets an earnings before interest and taxes margin of between 16% and 17% by 2023. The company expects its adhesives business to post mid-term sales growth of an average of 2% above the market with an EBIT margin above 15%.
Nivea skin cream maker Beiersdorf will make additional investment of up to 80 million euros ($91 million) a year in its consumer business to counter a forecast drop in sales growth, the German company said on Tuesday. New CEO Stefan De Loecker, who took the reins on Jan. 1, last month promised strategic steps to deliver sustainable growth after reporting slower sales in the fourth quarter of 2018. "Our entire business model needs timely adaptation due to new market realities and fast-changing technology developments," De Loecker said ahead of 2018 results to be published on Wednesday.
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Beiersdorf (BEIG.DE), the maker of Nivea skin creams, is shaking up its top management team when new chief executive Stefan De Loecker takes over on Jan. 1, poaching managers from rivals Procter & Gamble (PG.N) and Reckitt Benckiser (RB.L). Beiersdorf said Asim Naseer, P&G global marketing director for skin care, would take over as head of consumer brands from Jan. 1, replacing Ralph Gusko, who continues his responsibility for Asia Pacific for now but will leave by the end of 2019. Ramon Mirt, who headed Reckitt Benckiser's business in central and eastern Europe, will take charge of the Near East and Americas regions for Beiersdorf in March, the firm said.
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. Investors may find my Read More...
Beiersdorf (BEIG.DE), 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. It Tesa adhesives unit, which supplies the automotive and electronics industries, saw sales rise 7.8 percent.
With a market capitalization of €21.1b, Beiersdorf Aktiengesellschaft (ETR:BEI) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big stocks are Read More...
In 2012 Stefan Heidenreich was appointed CEO of Beiersdorf Aktiengesellschaft (ETR:BEI). First, this article will compare CEO compensation with compensation at other large companies. After that, we will consider the Read More...
The CEO of Beiersdorf, the maker of Nivea cream, says the consumer goods industry is in 'turmoil' as the firm warns its operating margin will fall in 2019. Francis Maguire reports.