Beiersdorf Shares Plunge After Profit Miss
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Dow Jones
By Helena Smolak
Beiersdorf shares slumped after its after-tax profit fell for the full year.
At 0820 GMT on Thursday, shares of Beiersdorf traded 3.8% lower at EUR132.45, their lowest level in the past two months.
The German personal-care products maker said profit after tax was 749 million euros ($811.9 million), down from EUR771 million the previous year and below FactSet consensus estimates of EUR893 million.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
February 29, 2024 03:43 ET (08:43 GMT)
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