Most readers would already be aware that Beiersdorf's (ETR:BEI) stock increased significantly by 9.8% over the past...
Key Insights The projected fair value for Beiersdorf is €102 based on 2 Stage Free Cash Flow to Equity Current share...
(Reuters) -German skincare company Beiersdorf raised its 2024 sales guidance on Tuesday, citing a strong first-quarter for its Nivea brand in all regions while Chinese demand for its top-end products also began to recover. Beiersdorf, where Nivea accounted for just under half of sales last year, now expects 2024 sales to grow by 6-8%, up from the "mid-single-digit" growth forecast in February. First quarter revenue of 2.6 billion euros ($2.76 billion) was up 7.3% on the same period of last year, beating the 6.2% growth expected by analysts polled by Vara Research.