** Shares in Nivea-maker Beiersdorf BEIG.DE seen down 8.4% in pre-market indications after the company reported full-year figures on Monday with a depressed outlook for 2026
** A local trader says the outlook is disappointing, as while the market had expected a cautious outlook, no growth and the potential for falling margins is a negative surprise
** Analysts polled by Vara had expected an average of 3.7% like-for-like growth for 2026, while the company said it expected group net sales to be flat to slightly growing on an organic basis
** The company's full-year results were largely in line with expectations and it also announced a share buyback of up to 750 million euros in the next two years
** Beiersdorf fell 7% in extended trading on Monday, the local trader says
(Reporting by Bernadette Hogg)
((bernadette.hogg@thomsonreuters.com))