BEIERSDORF AKTIENGESELLSCHAFT (FRA:BEI) Beiersdorf Aktiengesellschaft: Impact of the corona crisis on business performance in 2020 - Beiersdorf withdraws guidance for fiscal year 2020
Transparency directive : regulatory news
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DGAP-Ad-hoc: Beiersdorf Aktiengesellschaft / Key word(s): Development of Sales/Change in Forecast Impact of the corona crisis on business performance in 2020 - Beiersdorf withdraws guidance for fiscal year 2020 Beiersdorf Aktiengesellschaft, Hamburg, expects the global spread of the corona-19 virus to have a significant impact on its business performance in 2020. According to preliminary figures, Group sales fell like-for-like by -3.6% to €1,910 million year over year in the first quarter of the fiscal year. Sales growth generated by the Consumer business segment during the first quarter totaled like-for-like -3.3% (sales of €1,581 million) against the prior-year quarter. Sales growth at the tesa business segment totaled like-for-like -5.1% (sales of €329 million). For the entire 2020 fiscal year, the company is unable to currently project the potential impact that the corona crisis could have on its business performance. For this reason, the targets set in the company's guidance issued on March 3, 2020, are unlikely to be achieved. The company has withdrawn this guidance as a result. The company's quarterly report about its performance from January through March 2020 will be released on May 5, 2020. Contact: Dr. Jens Geißler Head of Investor Relations Tel.: +49 (40) 4909 5000 Fax: +49 (40) 4909 18 5000 Inken Hollmann-Peters Vice President Corporate Communications Tel.: +49 (40) 4909 2001 Fax: +49 (40) 4909 2516
02-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Beiersdorf Aktiengesellschaft |
| Unnastraße 48 | |
| 20245 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 4909-0 |
| Fax: | +49 (0)40 4909-34 34 |
| E-mail: | kontakt@Beiersdorf.com |
| Internet: | www.Beiersdorf.com |
| ISIN: | DE0005200000 |
| WKN: | 520000 |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1014499 |
| End of Announcement | DGAP News Service |
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1014499 02-Apr-2020 CET/CEST