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BEIERSDORF - ANOTHER WARNING + NIVEA TURNAROUND: EU Consumer Sector Specialist Commentary Retail • Luxury • Staples • Leisure • Airlines

发布日期: 2026-08-03研究机构: JPMorgan报告页数: 4原文语言: English证据页码: 2

研报英文原文证据摘录

BEIERSDORF - ANOTHER WARNING + NIVEA TURNAROUND: EU Consumer Sector Specialist Commentary Retail • Luxury • Staples • Leisure • Airlines

e of Investment

Research, including but not limited to the prohibition on dealing ahead of the dissemination of Investment Research. It is not a product of J.P. Morgan’s Research Department. It is not a research report,

investment research or independent research and is not intended as such. This material is subject to the disclosures available at the following site http://www.jpmorgan.com/pages/disclosures/

materialdisclaimerThe location of the natural person that produced this/these recommendation(s) (the Recommendation(s)) is set out in their signature block. Where the natural person that produced this

Recommendation(s) is located in EMEA the legal person involved in the production of the Recommendation is J.P. Morgan Securities plc (JPMS plc) a firm authorised by the Prudential Regulation

Authority (the PRA) and regulated by the PRA and the Financial Conduct Authority (the FCA). Where the natural person that produced this Recommendation(s) is located in the United States the legal

person involved in the production of the Recommendation is J.P. Morgan Securities LLC (JPMS LLC) a firm registered with the U.S. Securities and Exchange Commission (SEC) and the Municipal

Securities Rulemaking Board (MSRB).

Where the Recommendation(s) are jointly produced by natural persons located in EMEA and the United States, the legal persons involved in the production of the Recommendation will be both JPMS plc

and JPMS LLC together. Where you are an APAC or EMEA ex-EEA client, this Recommendation(s) is distributed to you by JPMS plc. Where you are a client based in the EEA, this Recommendation(s) is

distributed to you by J.P. Morgan SE (JPM SE).

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