Beiersdorf: stock up after quarterly update
(CercleFinance.com) - Beiersdorf shares are up 3% in Frankfurt today, after announcing 9m 2024 sales of E7.
55bn, up 4% as reported and up 6.5% organically in a dynamic market environment.
The German cosmetics group says that its consumer segment recorded organic growth of 7.3%, notably driven by Nivea (+9.4%) and Derma (+8.8%), while the tesa segment grew by 3.1% organically.
Based on forecasts for its two segments, Beiersdorf confirms that it anticipates organic sales growth of 6%-8% for FY 2024, with an adjusted EBIT margin slightly above last year's level.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
55bn, up 4% as reported and up 6.5% organically in a dynamic market environment.
The German cosmetics group says that its consumer segment recorded organic growth of 7.3%, notably driven by Nivea (+9.4%) and Derma (+8.8%), while the tesa segment grew by 3.1% organically.
Based on forecasts for its two segments, Beiersdorf confirms that it anticipates organic sales growth of 6%-8% for FY 2024, with an adjusted EBIT margin slightly above last year's level.
Copyright (c) 2024 CercleFinance.com. All rights reserved.