85 418
Fashion Jobs
LEE
PT Keyholder
Permanent · GRAPEVINE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · WALPOLE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · HOUSTON
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MONONA
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MORTON
KOHLS
Associate HR Business Partner
Permanent · MENOMONEE FALLS
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · LAKELAND
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · PEARLAND
KOHLS
Full-Time Loss Prevention Service Specialist*
Permanent · NORRIDGE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · EDWARDSVILLE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GURNEE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · ORANGE CITY
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MOBILE
NAVY EXCHANGE
Supply Chain Systems Tech
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
(Norfolk Navy Gateway Inns And Suites) Guest Service Representative i
Permanent · WILLIAMSBURG
NAVY EXCHANGE
Guest Service Representative II
Permanent · GULFPORT
NAVY EXCHANGE
Guest Service Representative II (Part-Time)
Permanent · PENSACOLA
NAVY EXCHANGE
Guest Service Representative II (Full-Time)
Permanent · PENSACOLA
NEIMAN MARCUS
Senior Manager, Fulfillment Operations
Permanent · PITTSTON
NEIMAN MARCUS
Loss Prevention Investigator- Charlotte
Permanent · CHARLOTTE
LULULEMON
Visual Merchandising Specialist | Toledo Local
Permanent · TOLEDO
LULULEMON
Community Specialist | Martha's Vineyard
Permanent · EDGARTOWN
By
Reuters
Published
Mar 1, 2018
Download
Download the article
Print
Text size

Beiersdorf gives cautious outlook after weak earnings

By
Reuters
Published
Mar 1, 2018

Beiersdorf, the maker of Nivea and other skin care products, gave a cautious outlook for 2018 on Thursday, forecasting sales growth of around 4 percent and its operating profit margin to stay at a similar level to last year.


Foto: Beiersdorf



Beiersdorf, which had already reported that it beat its 2017 forecast with a 5.7 percent rise in organic group sales, said its operating profit margin for 2017 rose to 15.4 percent from 15 percent in 2016, slightly below average analyst forecasts.

Earnings per share of 2.96 euros missed the 3.15 euros forecast by analysts, according to Thomson Reuters Eikon, which the company blamed on one-off gains in 2016, negative exchange rate effects and losses from financial investments.

Beiersdorf shares were down 2.8 percent by 0817 GMT, the biggest decliner on the German blue-chip index.
“We read this guidance as disappointing considering the strong momentum relative to peers in 2017 and generally positive sentiment on the stock,” said Investec analysts, who rate the stock “hold”.

However, some analysts were reassured by Beiersdorf saying it expected its consumer business to outperform the market in 2018 with sales growth of 4 to 5 percent and a slight increase in the EBIT margin from operations.

Rival Unilever, which reported a bigger-than-expected acceleration in fourth-quarter sales growth, helped by the launch of new brands, has forecast underlying sales growth of 3 to 5 percent for 2018.
 

© Thomson Reuters 2024 All rights reserved.