86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
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.