Beiersdorf AG

BEI: XETR (DEU)
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Beiersdorf: Nivea Still Weak, but Derma and La Prairie Offer Support; Shares Undervalued

Beiersdorf’s consumer business improved sequentially in the third quarter, with organic sales down 0.7% versus down 4.0% in the first half, as Nivea weakness was offset by strength in derma and La Prairie. Guidance was confirmed, and shares fell about 3% intraday on Oct. 27.

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