Beiersdorf: organic growth accelerates at end of 2017
(CercleFinance.com) - Beiersdorf said yesterday that its provisional sales rose by 5.
7% in organic terms in 2017, reaching 7.05 billion euros.
The German group, which owns the Nivea and Tesa brands, reports a significant acceleration of the trend in Q4, which exceeded the target range (i.e. 4% to 5%).
At the "Consumer" division, which includes the Nivea brand, organic growth reached 4.7%, with sales of 5.8 billion euros, while the latest forecast issued by management was for approximately 4% growth. At the Tesa division (adhesives), this rate reached 10.6% at 1.26 billion euros, against a forecast of around 8%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7% in organic terms in 2017, reaching 7.05 billion euros.
The German group, which owns the Nivea and Tesa brands, reports a significant acceleration of the trend in Q4, which exceeded the target range (i.e. 4% to 5%).
At the "Consumer" division, which includes the Nivea brand, organic growth reached 4.7%, with sales of 5.8 billion euros, while the latest forecast issued by management was for approximately 4% growth. At the Tesa division (adhesives), this rate reached 10.6% at 1.26 billion euros, against a forecast of around 8%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.