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Sport Beiersdorf increases sales in the 1st quarter clearly - Beiersdorf share lays down to

16:51  07 april  2021
16:51  07 april  2021 Source:   finanzen.net

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Beiersdorf has significantly increased sales in the first quarter and is therefore responsible for the expectations of the capital market.

Andrew Burton/Getty Images © Provided by finanzen.net Andrew Burton / Getty Images

The forecast for the full year confirmed the MDAX Group.

, as the Hamburg consumer goods company announced, sales increased organically by 6.3 percent to 1.945 billion euros in the period from January to March after preliminary figures.

In the larger consumer division, the increase was organically 2.7 percent to € 1.548 billion, in the smaller adhesive segment TESA rose disproportionately by 23.6 percent to 397 million euros. Here, the "strong demand in industrial business" reflects, both in the electronics and the automotive industry, the Beiersdorf AG shared.

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In the full year, Beiersdorf continues to expect sales growth in the Group and both segments. The EBIT margin is expected in the Group and at Consumer at the previous year's level, ie 12.9 or 12.3 percent. In Tesa, the company expects an EBIT margin below the previous year's level of 15.4 percent.

A more accurate forecast for 2021 is still difficult due to the "not clearly foreseeable effects of Covid-19 pandemic on business development".

The quarterly announcement January-March 2021 wants to publish Beiersdorf on April 28th. The Düsseldorf competitor Henkel had recently published preliminary sales figures for the prospect quarter, which were above market expectations.

Beiersdorf shares attributed to strong sales figures in the first quarter

The shares of Beiersdorf received fresh momentum on Wednesday after the sales figures presented. They gained 1.4 percent in hardly changed MDAX in the afternoon to 90.40 euros. As the consumer goods and cosmetics company announced, he increased after preliminary figures consolidated consolidated sales from their own power by 6.3 percent and thus significantly stronger than expected by the market. Frankfurt (Dow Jones / DPA-AFX)

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