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15.60000 EUR
0.5
3.31%
Last update Apr 17, 7:31 PM CEST
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Day range
15.10000
15.60000
Previous close
15.10000
Open
15.20000
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Beiersdorf AG American Depositary Receipt
15.60
0.50
3.31%

Overview

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Description

Beiersdorf AG American Depositary Receipt represents equity in Beiersdorf AG, a prominent German company specializing in personal-care products and pressure-sensitive adhesives. Through this ADR, international investors can gain exposure to Beiersdorf AG using a security denominated in US dollars, while holding claims on the underlying ordinary shares that trade in Germany. The primary function of this ADR is to facilitate easier trading and dividend receipt for investors outside Germany by converting dividends into US dollars and simplifying settlement. Beiersdorf AG is notable for its well-known consumer brands, including Nivea, Eucerin, La Prairie, and tesa, making it a significant player in the global consumer staples sector—especially within personal care and household goods. This asset caters to those seeking to participate in the performance of leading European consumer companies via US-listed instruments. Beiersdorf AG has demonstrated consistent dividend payments, with annual payouts over the past decade. Its ADR thus plays a valuable role in broadening access to key European equity markets for global investors, particularly in the stable, defensive consumer sector.

About

CEO
Mr. Vincent Warnery
Employees
22925
Address
Beiersdorfstrasse 1-9
Hamburg, 22529
Phone
49 40 4909 0
Website
Instrument type
American depositary receipt
Sector
Consumer Defensive
Industry
Household & Personal Products
Country
Germany
MIC code
XDUS
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