|Bid||0.00 x 47000|
|Ask||0.00 x 47000|
|Day's Range||91.34 - 93.02|
|52 Week Range||80.60 - 103.00|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||28.97|
|Forward Dividend & Yield||0.70 (0.75%)|
|1y Target Est||N/A|
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.
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.
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.
Beiersdorf (BEIG.DE), the maker of Nivea skin creams, is promoting current deputy chief executive Stefan De Loecker to the top job from Jan. 1, with a mandate to make the company more digitally savvy and expand internationally. At that time, De Loecker, a 51-year-old from Belgium, was named deputy CEO and put in charge of Beiersdorf's strategy. De Loecker joined the company in 2012 as senior vice president Near East from British retailer Tesco (TSCO.L) , although he spent most of his career at food company Nestle (NESN.S), including in Switzerland, Germany and Russia.
In this article, I will take a quick look at Beiersdorf Aktiengesellschaft’s (ETR:BEI) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure of a companyRead More...
Beiersdorf Aktiengesellschaft’s (ETR:BEI) latest earnings update in December 2017 indicated that the business faced a minor headwind with earnings deteriorating from €709.00m to €672.00m, a change of -5.22%. Below, I’veRead More...
German consumer goods group Beiersdorf (BEIG.DE), the maker of Nivea skin creams, said on Thursday its Chief Executive Stefan Heidenreich would step down in the second board resignation this year. Beiersdorf's supervisory board and Heidenreich have amicably agreed that he will leave when his term ends at the end of 2019, or earlier depending on when a successor is appointed, Beiersdorf said in a statement. Heidenreich's departure follows that of finance chief Jesper Andersen, who is leaving Beiersdorf at the end of the month after the group decided earlier in the year not to extend his contract.
Beiersdorf Aktiengesellschaft’s (XTRA:BEI) most recent return on equity was a substandard 13.44% relative to its industry performance of 15.41% over the past year. An investor may attribute an inferior ROERead More...
Germany's Beiersdorf, the maker of Nivea skin care products, said on Monday it had agreed a strategic cooperation with NetEase Kaola, an unit of Chinese video games publisher NetEase focused on cross-border e-commerce. "Through the cooperation with NetEase Kaola we can further expand our online presence in the important Chinese market and move closer to local consumers," Ralph Gusko, Beiersdorf management board member for Asia & Brands, said in a statement. Beiersdorf has focused on boosting online sales in China, where it already cooperates with larger Chinese e-commerce players Alibaba and JD.com.
Beiersdorf's (BEIG.DE) sales growth was lifted by its Tesa adhesives unit and La Prairie premium skin care brand in the first quarter, smoothing slowing sales of its Nivea products. La Prairie sales jumped 56 percent as the German consumer goods firm reaped the benefits of a strategy to make its other businesses as strong as its mainstay Nivea brand. Luxury cosmetics are enjoying booming demand, particularly in China, which has also helped L'Oreal (OREP.PA) offset weaker performance in its mass market division.
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.