Beiersdorf 4Q Sales Rose; Backs 2019 Guidance
16 Januar 2020 - 8:19AM
Dow Jones News
By Giulia Petroni
Beiersdorf AG (BEI.XE) said Thursday that fourth-quarter sales
rose on an organic basis, and confirmed its 2019 guidance.
The maker of Nivea skin cream said sales for the period were
7.65 billion euros ($8.52 billion) compared with EUR7.23 billion in
the previous-year period.
Sales in the company's consumer business rose 4.8% organically
to EUR6.27 billion from the year earlier. Sales in its adhesives
division increased 0.8% on an organic basis to EUR1.37 billion in
spite of a challenging market environment especially for the
automotive business, the company said.
"Even though we expect headwinds in the 2020 financial year, we
see good potential and opportunities which we will fully leverage
with further investments," Stefan De Loecker, chairman of the
executive board, said.
Beiersdorf backed its guidance for 2019, saying it targets an
earnings before interest and taxes margin from ongoing operations
of around 14.5%.
The company is scheduled to release its official 2019 results on
March 3.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 16, 2020 02:04 ET (07:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Beiersdorf (TG:BEI)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Beiersdorf (TG:BEI)
Historical Stock Chart
Von Apr 2023 bis Apr 2024