Previous close | 118.10 |
Open | 118.00 |
Bid | 117.55 x 37700 |
Ask | 117.60 x 10000 |
Day's range | 116.95 - 118.00 |
52-week range | 88.94 - 128.60 |
Volume | |
Avg. volume | 269,159 |
Market cap | 26.674B |
Beta (5Y monthly) | 0.24 |
PE ratio (TTM) | 34.90 |
EPS (TTM) | 3.37 |
Earnings date | 03 Aug 2023 |
Forward dividend & yield | 0.70 (0.59%) |
Ex-dividend date | 14 Apr 2023 |
1y target est | 122.20 |
Beiersdorf's luxury brand La Prairie was the only outlier, recording a 12% fall in sales year-on-year, with the company citing challenging market conditions in China caused by the changes in COVID-19 policies. Overall, the consumer business unit of Beiersdorf achieved sales of 2.06 billion euros ($2.27 billion), growing by 14.8% year-on-year. Shares in Beiersdorf were up 0.3% in early Frankfurt trade.
Nivea maker Beiersdorf expects organic sales growth to slow this year to a mid-single-digit range after reporting double-digit growth for the first time in two decades in 2022 thanks to strong demand for its skincare products. Chief Executive Vincent Warnery said that nonetheless the new year had started with double-digit sales growth, and he still expects Beiersdorf to increase its sales more strongly than its competitors this year. The CEO said that in China, a strategic growth market for Beiersdorf, especially for its skincare products, growth in both online retail and brick-and-mortar were back on track.
Nivea owner Beiersdorf posted 10.5% organic sales growth in the first half of the year, it said on Thursday, affirming its guidance for the full year. First-half sales grew to 4.48 billion euros ($4.55 billion)from 3.87 billion in the year-earlier period, with an adjusted operating profit (adjusted EBIT) of 710 million euros, up from 595 million a year earlier.