Market ExpansionFurther exploit the untapped opportunity in white spots like India, China and the US.
Product InnovationThe CMD event showcased three main product initiatives to fuel profitable growth in coming years: (1) extending the usage of its patented anti-spot ingredient Thiamidol across its brand portfolio, (2) launching its first epigenetic (anti-aging) skin care product under Eucerin in September, (3) breakthrough skin care solutions harnessing the power of probiotics for acne treatment in the coming years.
ValuationTargeting BEI valuation on parity with a basket of HPC peers; higher peer valuation moves the price target to €162 from €156.