Beiersdorf AG

BEI: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Beiersdorf Earnings: Nivea Weakness Drives Guidance Cut; Fair Value Lowered to EUR 93 From EUR 106

Diana Radu , Svetlana Menshchikova

Aug 5, 2026

Beiersdorf's organic sales declined 2.3% in the second quarter, an improvement from the 4.6% decline in the first quarter, driven by a recovery in La Prairie and continued strength in derma. Nivea remained weak, down 6.8% organically in the first half, driving a negative revision to guidance.

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Beiersdorf AG

Beiersdorf Earnings: Nivea Weakness Drives Guidance Cut; Fair Value Lowered to EUR 93 From EUR 106

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