Beiersdorf AG

Latest Results (07.08.2024):

Revenue Growth

In the first half of 2024, Beiersdorf AG reported a 7.1% increase in organic Group sales compared to the same period in the previous year. This growth was driven by strong performance in both the Consumer Business Segment and the tesa Business Segment. Nominal Group sales rose by 4.8%, reaching €5,175 million, up from €4,936 million in the first half of 2023.

Consumer Business Segment

Beiersdorf AG's Consumer Business Segment saw an 8.0% increase in organic sales in the first half of 2024. This segment's nominal sales grew by 5.4%, amounting to €4,331 million, compared to €4,108 million in the same period of the previous year. The strong performance was attributed to the excellent results of NIVEA and the Derma brands.

Profit After Tax

For the first half of 2024, Beiersdorf AG reported a profit after tax of €590 million, slightly up from €589 million in the same period of 2023. This marginal increase reflects the company's ability to maintain profitability despite various market challenges and cost increases.

EBIT Margin

Beiersdorf AG's EBIT margin excluding special factors stood at 16.2% for the first half of 2024, down from 17.3% in the same period of the previous year. The decrease was primarily due to cost increases related to foreign exchange rate developments, although these were partially offset by price increases and focused spending in marketing, research and development, and digitalization.

Regional Performance

In the first half of 2024, Beiersdorf AG achieved organic sales growth of 5.5% in Europe, 3.0% in the Americas, and 13.5% in the Africa/Asia/Australia region. Nominal sales in these regions were €2,331 million, €1,344 million, and €1,500 million, respectively. The strong performance in the Africa/Asia/Australia region was a significant contributor to the overall growth in Group sales.