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Beiersdorf presents interim report for Jan-June
07 Aug '07
2 min read
In the second quarter of 2007 for Beiersdorf, shares in the eurozone and the United States increased signifi cantly in value despite the clear rise in long-term investment returns.
Against a backdrop of stable and in fact accelerating worldwide economic growth, many companies reported positive business developments in the first months of the year.
In spite of the upheavals in February, this positive news fl ow and the high level of merger and acquisition activity led to greater risk appetite among investors, and hence to rising share prices.
This was refl ected on the German stock market by strong growth in the DAX, which broke through the 8,000 point mark for the fi rst time, closing the quarter slightly above that level.
The stocks in the European HPC (household and personal care) sector to which Beiersdorf belongs performed much less dynamically than the total market index for Germany.
After initially developing in line with the total market index, the HPC index turned in a more neutral performance, closing the first half of the year at a level that was improved but moderate in comparison.
Beiersdorf's share price outperformed the index at the beginning of the quarter. The Executive Board provided the financial community with information about the Company's business development and the implementation of its Consumer Business Strategy at the Annual General Meeting in April and on publication of the first quarter results in May.
Against a backdrop of stable and in fact accelerating worldwide economic growth, many companies reported positive business developments in the first months of the year.
In spite of the upheavals in February, this positive news fl ow and the high level of merger and acquisition activity led to greater risk appetite among investors, and hence to rising share prices.
This was refl ected on the German stock market by strong growth in the DAX, which broke through the 8,000 point mark for the fi rst time, closing the quarter slightly above that level.
The stocks in the European HPC (household and personal care) sector to which Beiersdorf belongs performed much less dynamically than the total market index for Germany.
After initially developing in line with the total market index, the HPC index turned in a more neutral performance, closing the first half of the year at a level that was improved but moderate in comparison.
Beiersdorf's share price outperformed the index at the beginning of the quarter. The Executive Board provided the financial community with information about the Company's business development and the implementation of its Consumer Business Strategy at the Annual General Meeting in April and on publication of the first quarter results in May.
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