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WikiFX Express

Eramet raises profit target as metal prices outweigh costs

China, supply chain issues hurt Beiersdorf adhesives units outlook

WikiFX

| 2022-04-28

Abstract：FRANKFURT (Reuters) – Beiersdorf, the maker of Nivea skin care products and Tesa glue, cut the forecast for full-year sales at its adhesives unit on Thursday due to extensive lockdowns in China and ongoing supply chain issues in the automotive industry.

div classBodysc17zpet90 cdBBJodivpFRANKFURT Reuters – Beiersdorf, the maker of Nivea skin care products and Tesa glue, cut the forecast for fullyear sales at its adhesives unit on Thursday due to extensive lockdowns in China and ongoing supply chain issues in the automotive industry.p

pIt said it now expects the Tesa adhesives unit to grow sales in the low to mid singledigit range in 2022, compared to its previous forecast for growth at a mid singledigit range, due to the recent COVID19 surge at its most important market in China.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pBeiersdorf also confirmed its preliminary firstquarter results published on April 8 and targets for its consumer goods unit announced on March 1.p

pp Reporting by Zuzanna Szymanska, Editing by Miranda Murrayp

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